Comments on: How does charity donations etc affect the tax paid by businesses? http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/ Connecting Donors to Aid Tue, 28 Nov 2006 17:28:28 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: tringyokel http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/comment-page-1/#comment-193 tringyokel Tue, 06 Jun 2006 19:32:25 +0000 http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/#comment-193 In practice, small donations to charities are usually allowed as deductions in calculating the profits of a business. Are you raising money for a registered charity? If your cause is not a registered charity then there are conditions to be satisfied before the business can claim a deduction. the link below is to the Revenue manual which gives the details. In practice, small donations to charities are usually allowed as deductions in calculating the profits of a business.

Are you raising money for a registered charity? If your cause is not a registered charity then there are conditions to be satisfied before the business can claim a deduction. the link below is to the Revenue manual which gives the details.

]]> By: David C http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/comment-page-1/#comment-192 David C Tue, 06 Jun 2006 05:23:33 +0000 http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/#comment-192 In the UK charitable donations are not tax deductible. In the UK charitable donations are not tax deductible.

]]> By: fengirl2 http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/comment-page-1/#comment-191 fengirl2 Mon, 05 Jun 2006 02:14:09 +0000 http://www.donation-aid.co.uk/how-does-charity-donations-etc-affect-the-tax-paid-by-businesses/#comment-191 As I have previously advised you, businesses can only claim a deduction for expenditure incurred in the course of business and so sponsorship would normally be included in the advertising budget. It doesn't matter how much this comes to. An individual in business would receive higher rate tax relief (assuming they are a higher rate taxpayer) if they Gift Aided the money - but they could do that without sponsoring you. As I have previously advised you, businesses can only claim a deduction for expenditure incurred in the course of business and so sponsorship would normally be included in the advertising budget. It doesn’t matter how much this comes to.
An individual in business would receive higher rate tax relief (assuming they are a higher rate taxpayer) if they Gift Aided the money – but they could do that without sponsoring you.

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