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Did you know that by donating to charity via your business it’s an allowable business expense, therefore you’ll not only be supporting your community and doing good, you’ll also save a little bit on tax too.

If you want to donate personally, don’t forget to tick the gift aid box, this means the charity can claim back the basic rate income tax you’ve paid. That’s £25 on every £100 donation.  If you earn over £50k per annum, you could also note your donations on your tax return and claim back an extra £25 of income tax for every £100 you donate for yourself.. or you could donate that next year too.

Gifting to charity can also help reduce inheritance tax, this one is a little more complex but we know people you can speak with so why not start donating today, you’ve got nothing to lose and a little extra to gain. you for supporting.

 

 

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