Corporate giving may be a particular attractive and cost effective way of supporting West Buckland School if you run your own business. When a company gives to a charity, the value of the gift can be offset against the company’s highest rate of Corporation Tax. Companies pay their donations gross and do not have to make any gift aid declaration. Tax relief is claimed against the value of the gift when calculating profits for Corporation Tax. Such gifts can be made on a regular or one–off basis.
For example, at current tax rates, for a company paying the highest rate of Corporation Tax, the net cost of the gift of £10,000 would only be £6,750. More information is available on the Inland Revenue’s website