Charity Donation through LTD Company

[gaz0001]

Hi,

I have read online on the gov website that Charity Donations to Real charity's are tax deductible.

I can count them as an expense.

Just a standard donation, ie, Bike Ride for cancer research, and i donate £50, i get nothing back at all, apart from contributing to a worthy cause.

I have a couple of questions regarding this:
1. When i put my name down on the sponsorship form, do i put my own name as normal or do i now need to put down my LTD company name?
2. For the newer style charitys, its done purely online, the sponsorship form, and i donate using my business card. So essentially, i have an email receipt and a transaction directly from my Business Account. But, for the old method, of the paper sponsorship form....usually you pay cash....obviously there is no receipt. How do you go about this one?

Thanks in advance

[NotAllThere]

If you donate through your company, it reduces your company tax. If you donate personally, through gift aid, the recipient gets the tax. To simplify matters, why not just donate a smaller amount personally and gift aid the tax, to make a total of £50.

[northernladuk]

Just a standard donation, ie, Bike Ride for cancer research, and i donate £50, i get nothing back at all, apart from contributing to a worthy cause.

Isn't that the point of giving to charity????

[Gumbo Robot]

If you donate through your company, it reduces your company tax. If you donate personally, through gift aid, the recipient gets the tax. To simplify matters, why not just donate a smaller amount personally and gift aid the tax, to make a total of £50.

Because that amount has to come out of his annual allowance ?

I expense as much as I can through my ltd (without taking the p1ss) so as to help keep me below the higher tax threshold.

[gaz0001]

Isn't that the point of giving to charity????

Yes, thats the point. I was simply clarifying that i was not receiving any kind of benefit from this personally.

That is the point.

Whats your point?

[northernladuk]

So you expect personal benefits from giving to charity?

[gaz0001]

So you expect personal benefits from giving to charity?

Not at all.

Please read the thread, stop being an <mod snip>

[Contreras]

Isn't that the point of giving to charity????

Yes! I think the point the OP was making is that by giving as a company contribution they can get the warm fuzzy feeling and reduce the corp. tax bill.

However if the company contribution was going to be £100 and they gift aid £80 personally instead then the charity still receives £100 but they would get the same fuzzy feeling and typically this would be marginally more tax efficient overall compared to the company donation.

[northernladuk]

Yes! I think the point the OP was making is that by giving as a company contribution they can get the warm fuzzy feeling and reduce the corp. tax bill.

However if the company contribution was going to be £100 and they gift aid £80 personally instead then the charity still receives £100 but they would get the same fuzzy feeling and typically this would be marginally more tax efficient overall compared to the company donation.

Indeed but that's not a personal benefit. It's one to the company which is a different entity

[TheFaQQer]

Not at all.

Please read the thread, stop being an <modsnip>.

<correct English for the yank spelling that was modsnipped>