Charitable Donations.... from your company.

[prozak]

Hi All,

want to make a few donations from my company and just making sure I get it right.


Is it just an expense in my accounts?

Is it fully deductable?

I note there is a section on the CT600.....

BUT my donation is to a US Charity!

Is this treated the same way?

Thanks,

[Craig@Clarity]

The charity donations are deductible against CT if it is to a recognised charity by HMRC. A payment will not be a qualifying donation if:

>It is made subject to a condition as to repayment, or
the company or a connected person receives a benefit which exceeds the relevant value in relation to the payment
>it is conditional on or part of an arrangement involving the charity acquiring property (other than as a gift) from the company or a connected person
>it is made by a charity

Have a look at the following links:

HM Revenue & Customs: Section C: Gift Aid for companies
AND

There's also a charity search to see if it is a registered charity here HM Revenue & Customs: Charities registered for SA donate
HM Revenue & Customs: Gifts to charity made by companies