QCD

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July 13, 2020 at 4:21 am #576664
Holmes1308
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Dear sir,

When a company makes donations to a charity for promotional purposes then does that count towards trading expense or as QCD?

thank you sir.
July 13, 2020 at 12:07 pm #576690
Tax Tutor
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If a small donation is made to a local charity it is treated as an allowable expense against trading profits – otherwise a charitable donation made by a company is treated as a QCD – the fact that the company may gain “goodwill” through their generosity is not an issue
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