Donations
Dottie
Registered Posts: 99 Regular contributor ⭐
Am I correct in thinking that a donation of £100 by a limited company to Red Nose Day is not an allowable expense?
Thank you...
Thank you...
0
Comments
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Donations
Hi Dottie
Can't take any credit for this but the penultimate paragraph seems to answer you.
http://blog.taxassist.co.uk/tax-blog/2009/6/5/gift-aid-donations-to-charity.html0 -
Charitable donations are not allowable when calculating Schedule D profits, however it is allowable when calculating "PCTCT", thereby reducing Corporation Tax due.0
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Excellent! Many thanks.....
Dottie0
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