has issued some timely advice to anyone who has donated to charity this year.
In a video on his YouTube channel, he explained how some people can actually make money by giving.
He said: "If you donate to charity say yes to Gift Aid, because that way the charity gets more - and you may get more too.
"I'm doing this video because every year charities across the UK miss out on hundreds of millions of pounds in unclaimed Gift Aid which you could do and it doesn't cost you a penny.
He continued: "The simple rule is when you donate - if you're a - that's crucial. Just say yes indeed to Gift Aid. It is that simple.
"But let me explain why and why you may be due some money in some circumstances.
"Now, the reason this works is because when most people are paid, 20 percent tax is usually taken off.
"When you're paid, the tax office comes along and takes 20 percent of it away. So, if you earn 25 quid, you take home 20 of it only."
"But Gift Aid means when you donate that 20 to charity, the charity gets your money - and the tax that you pay back - which works out as a gain of 25 percent on top. It doesn't cost you anything, but on each £2 it gets a five or more."So say yes to , and the 20 becomes £25. And there's more."If you're a higher 40 percent rate taxpayer - therefore for every £100 you earn you take home £60 - and the tax office gets £40. If you donate to charity, the charity still gets the 25 percent boost - so the charity is getting more."And you can claim the remainder of the tax that you paid back, which you could then donate to you! Generally, do this using your self-assessment form."You may also like
Mumbai: KEM Hospital Receives ₹72 Lakh Donation For Advanced Cardiac Equipment Enabling Groundbreaking Epilepsy Research
Zakir Naik a fugitive, plea should not be entertained: Maha govt to SC
Thane: 19-Year-Old Dies After Being Struck By Local Train While 'Crossing Rail Track' Between Kalwa And Thane Station
Liverpool owners FSG make decision on billion dollar investment
Himachal Pradesh: Shimla hosts four-day flying festival, attracts enthusiasts from India and abroad
Swachhta Pakhwada 2024: Western Railway Collects 10.5 Tons Of Plastic Waste During Cleanliness Drive Held Between Oct 1-15
Navi Mumbai: NatConnect Launches Awareness Campaign On International E-Waste Day
BSF seizes drugs worth Rs 41 lakhs in Tripura
Mumbai: Western Railway Conducts Mock Drill At Jogeshwari Station To Enhance Emergency Response Readiness
Akbar's restaurants founder Shabir Hussain dies aged 56 as tributes pour in for 'King of Curry'
Andy Murray wins first trophy in new sport just months after retiring from tennis
Haryana: Nayab Singh Saini Elected As Leader Of BJP Legislature Party, To Be Sworn In As Chief Minister For Second Term On October 17
12 safer ways to beat heartburn after acid reflux meds linked to dementia
Navi Mumbai: Godrej Properties To Develop 6.54 Acres Of Prime Land In Kharghar
Shakib Al Hasan Set To Get Home Farewell; Included In Bangladesh Squad For 1st Test VS South Africa
Why Is The Moon Worshipped On Karwa Chauth? Significance Of Chandra Puja
Real reason Hailey Bieber snubbed Victoria's Secret fashion show amid 'personal struggles'
M6 crash: 'Car drove wrong way down motorway' before horror collision killed five including two kids
DI Ray season 2: Release date, cast details and episode count
Our administration's approach will be people-friendly: Omar Abdullah