Tax when your limited company gives to charity
Donating money
Your limited company can pay less Corporation Tax when it gives money to a charity or community amateur sports club (CASC).
Deduct the value of the donations from your total business profits before you pay tax.
Payments that don바카라 사이트™t qualify
You can바카라 사이트™t deduct payments that:
- are loans that will be repaid by the charity
- are made on the condition that the charity will buy property from your company or anyone connected with it
- are a distribution of company profits (eg dividends)
If you바카라 사이트™re given something in return
Any benefits you바카라 사이트™re given in return for your donation (eg tickets to an event) must be below a certain value.
| Donation amount | Maximum value of benefit |
|---|---|
| Up to £100 | 25% of the donation |
| £101 - £1,000 | £25 |
| £1,001 and over | 5% of the donation (up to a maximum of £2,500) |
This applies to benefits given to any person or company connected with your company, including close relatives.
If you get a benefit that바카라 사이트™s related to the company your donation qualifies as a sponsorship payment.