Donations

Dottie Registered Posts: 99 Regular contributor ⭐

February 2010 edited June 18 in AAT member discussion

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...

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Comments

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  Anne Boleyn Registered Posts: 195 Dedicated contributor 🦉

  February 2010

  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.html

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  truecockney Registered Posts: 92 Regular contributor ⭐

  February 2010

  Charitable donations are not allowable when calculating Schedule D profits, however it is allowable when calculating "PCTCT", thereby reducing Corporation Tax due.

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  Dottie Registered Posts: 99 Regular contributor ⭐

  February 2010

  Excellent! Many thanks.....
  
  Dottie

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