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Companies donations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Companies donations

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 1, 2020 at 3:37 pm #583022
    agnes222
    Member
    • Topics: 45
    • Replies: 17
    • ☆☆

    Sir i just wanted to confirm one thing. even if a company makes a donation under gift aid scheme, there will be no tax relief of 20% at source, right?

    September 4, 2020 at 10:51 am #583394
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Companies do not use gift aid – they make qualifying charitable donations where the amount paid is the amount deducted

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