Charity Donations

[FiveTimes]

Is it OK for a Ltd company to make charity donations ?

If so how best is it to record it ?

[oraclesmith]

It's absolutely normal. Record it as a charity donation in the books. Your accountant will make sure it is free of corporation tax. Make sure you get a receipt/thankyou letter from the charity though, made out to your limited company.

[FiveTimes]

It's absolutely normal. Record it as a charity donation in the books. Your accountant will make sure it is free of corporation tax. Make sure you get a receipt/thankyou letter from the charity though, made out to your limited company.

I made a donation last night for sports relief and the email from them doesn't contain the company name.

I made the transaction using the company card, so I'll just print off the receipt and hand it over to the accoutant

[thunderlizard]

"Your accountant will make sure it is free of corporation tax"


i.e. he'll list it under "expenditure" along with everything else. Clever chaps, accountants.