When can tax be claimed on charitable donations?

Donations must always be made to a recognised charity. Rodliffe Accounting may ask for documentary evidence of the donations when the annual accounts are produced. The donation deducted against profit cannot put the business into a loss making position for tax purposes.

Note – If you are a high rate tax payer then it is more beneficial to pay this out of your own pocket because gift aid can then be claimed.

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in Canary Wharf

23 Skylines Village, London, E14 9TS