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
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Previously on "Charitable Donations.... from your company."
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Charitable Donations.... from your company.
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,Tags: None
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