[Gllug] Tax write-offs
t.clarke
tim at seacon.co.uk
Fri Nov 9 13:20:04 UTC 2001
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Message from:-
Tim Clarke (tim at seacon.co.uk)
Seacon Holdings plc Group, London, U.K.
Telephone: +44 (0)1474 320000
Fax: +44 (0)1474 329946
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Really never understood the '"it's a tax write-off so doesn't cost anything"
theory !
If I give (eg) #100 to Oxfam (eg again) I can claim back the tax on it, so
at the 22% rate I guess I am only #78 down. But if I give nothing, then I
am buggar-all down, so where is the financial advantage of giving anything
to charity ?
PS: I am NOT infering one shouldn't give !!
Tim
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