{"id":121,"date":"2021-02-15T00:51:57","date_gmt":"2021-02-15T00:51:57","guid":{"rendered":"https:\/\/guide.no-worries.co.uk\/?post_type=ht_kb&#038;p=121"},"modified":"2021-02-15T01:54:44","modified_gmt":"2021-02-15T01:54:44","slug":"donations-to-charity","status":"publish","type":"ht_kb","link":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/","title":{"rendered":"Donations to Charity"},"content":{"rendered":"\n<p class=\"has-theme-default-color has-text-color wp-block-paragraph\" style=\"font-size:22px\"><span class=\"has-inline-color has-blue-color\">Giving to a good cause is good for the soul and the pocket &#8211; there are tax advantages if done personally or through your company.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"donating-to-a-charity-through-your-limited-company\">Donating to a charity through your limited company&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you donate to charity through your limited company, the full amount is allocated as a tax deductible expense, so the company pays less Corporation Tax.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"payments-that-dont-qualify\">Payments that don\u2019t qualify<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can\u2019t deduct payments that:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>are loans that will be repaid by the charity<\/li><li>are made on the condition that the charity will buy property from your company or anyone connected with it<\/li><li>are a distribution of company profits (eg dividends)<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The most you can deduct is the amount that reduces your company\u2019s profits to zero.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you donate more than your total profits you can\u2019t:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>declare trading losses on your tax return<\/li><li>carry over any remaining amount to your next tax return<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"donating-to-a-charity-personally\">Donating to a charity personally<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Donations by individuals to a charity are tax free, this is called tax relief.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Donating through Gift Aid means charities can claim an extra 25p for every \u00a31 you give. You need to make a Gift Aid declaration for the charity to claim.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You need to keep record of all donations for the tax year and claim the relief for these on your self-assessment.<br>Your higher earnings threshold will be extended by the amount of your charity donations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Giving to a good cause is good for the soul and the pocket &#8211; there are tax advantages if done personally or through your company. Donating to a charity through your limited company&nbsp; If you donate to charity through your limited company, the full amount is allocated as a tax&#8230;<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[18],"ht-kb-tag":[],"class_list":["post-121","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-core-info"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Donations to Charity | No Worries Help Centre<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Donations to Charity | No Worries Help Centre\" \/>\n<meta property=\"og:description\" content=\"Giving to a good cause is good for the soul and the pocket &#8211; there are tax advantages if done personally or through your company. 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Donating to a charity through your limited company&nbsp; If you donate to charity through your limited company, the full amount is allocated as a tax...","og_url":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/","og_site_name":"No Worries Help Centre","article_modified_time":"2021-02-15T01:54:44+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/","url":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/","name":"Donations to Charity | No Worries Help Centre","isPartOf":{"@id":"https:\/\/guide.no-worries.co.uk\/#website"},"datePublished":"2021-02-15T00:51:57+00:00","dateModified":"2021-02-15T01:54:44+00:00","breadcrumb":{"@id":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/donations-to-charity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/guide.no-worries.co.uk\/index.php\/home\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/"},{"@type":"ListItem","position":3,"name":"Donations to Charity"}]},{"@type":"WebSite","@id":"https:\/\/guide.no-worries.co.uk\/#website","url":"https:\/\/guide.no-worries.co.uk\/","name":"No Worries Help Centre","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/guide.no-worries.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/ht-kb\/121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=121"}],"version-history":[{"count":4,"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/ht-kb\/121\/revisions"}],"predecessor-version":[{"id":157,"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/ht-kb\/121\/revisions\/157"}],"wp:attachment":[{"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=121"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/ht-kb-category?post=121"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/guide.no-worries.co.uk\/index.php\/wp-json\/wp\/v2\/ht-kb-tag?post=121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}