Donations - Corporate Support

Can your company help us by donating-

• Gifts of money. 
• Gifts of land, buildings, shares and securities. 
• Gifts of equipment or trading stock to charity. 
• Secondment of employees to charity. 
• Sponsorship payments. 
• Gifts of products and services. 

Businesses can also get tax relief when they give a gift, whether as a one-off or a regular payment, under the Gift Aid scheme. There is no longer a separate tax relief for payments to charity under a deed of covenant. There is no limit to the amount that the business can give, but the way you get tax relief will depend upon whether the business is a company, a sole trader or a partnership.

How does a company get relief?

If your company decides to give money to Helen's Trust, it simply makes the payment through Gift Aid and deducts the amount as a 'charge' when working out its profits for corporation tax purposes. You make the full payment to us. You do not need to deduct any tax from the payment and we do not claim back any tax on the gift. You no longer have to provide a Gift Aid certificate to us or provide a new form of declaration.

How do sole traders get relief?

From April 2003, you can treat Gift Aid payments made between the end of the tax year and the date you send your Self Assessment return to the Inland Revenue as if they were made in the tax year the return is for. To do this, you must send your Self Assessment return in time to reach the Inland Revenue by the filing date.

How do partnerships get relief?

Any gift by a partnership is treated as if it's made by the individual partners. It will be treated as if you and your partners as each giving an equal share of the gift, unless you tell us that the partnership has decided to split the gift in a different way. It is treated as if your gift is paid out of your taxed income and Helen's Trust will reclaim the basic rate tax on it from the Inland Revenue. If you are a higher rate taxpayer, you can get relief on the difference between the basic rate and the higher rate of tax on the gross amount of your share of the gift. Unless one partner has power, under the partnership agreement or some other document, to make a Gift Aid declaration on behalf of the partnership, each partner will need to make a Gift Aid declaration.

Further Information

Please give us a call to find out how your donation can take advantage of tax benefits or alternatively you can contact the Inland Revenue Charity Helpline on 0845 3020203 (option 3), which is open from 8.30am to 6.00pm, Monday to Friday.