A man who bought a £2.99 jumper from a charity shop in Keighley has been told he will still have to pay the basic rate of income tax on his regular monthly income despite foregoing the odd penny change which he generously donated to the shop collection box.
Martin Hopkin, a lathe operator from Leeds bought the jumper on impulse from the Oxfam store back in March and was convinced the charitable donation would lead to a much reduced level of taxation on his current earnings.
Martin had hoped he could ‘opt out of the system’ following his charitable donation and has warned the Treasury that their decision to impose tax on the low paid was harming the incentive for giving.
A Treasury spokesman thanked Martin for his extra penny and promised it would be put to good use, probably to help the NHS or one of the Armed Forces but it was only fair that he should continue to pay tax at the going rate.
Former PM Tony Blair has voiced concerns that philanthropists such as Martin could be put off donating to charity by the new cap of £50,000 although Martin said the most anybody from Yorkshire had ever spent on a new cap was about a fiver and he would start wearing a Trilby if caps were truly going up by that amount.
‘Or I could pick an old one up in one of Tony’s charity shops. He’s only asking £40,000’
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Blair tells Osbourne to remove cap for wealthy donors
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St.Cecilia
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