Company Giving

To benefit from the scheme introduced by the Government (Budget, April 2000), to simplify corporate giving, companies must pay donations gross from 1 April 2000, and will then not have to make a Gift Aid declaration.

The company simply makes a donation and claims tax relief when calculating profits for corporation tax. Donations can be made over a period of time or as a one-off.

For example: for a company paying corporation tax at 30%, the net cost of a donation worth £10,000 to Oundle would be only £7,000.