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Why would an online donation to a registered national charity chosen by the employees of the company be classified as qualifying charitable donation and why would a local donation be not classified as qualifying charitable donation.
Local and small donations are an allowance expense in the accounts and are not adjusted when working out the profits for tax purposes.
However, donations to national charities come under the gift aid scheme rules and are not allowable and have to be added back in adjusted profits.
However they are a viable deduction from profits so are given as a dedcution (QCD) in the TTP computation.
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