Company giving is a tax-effective way of demonstrating social responsibility and goodwill, and associating with certain causes. A Charity Cheques Account will be opened to record all the company's charitable giving. LCVS will ensure that all donations are eligible for charitable purposes.
UK Companies are able to offset charitable donations against liability for Corporation Tax, subject to restrictions. UK Companies may also make Gifts of Shares or Gifts of Property, with any gain arising compensating against liability for Corporation Tax. Alternatively, a company can put money into a Charitable Trust to assist long-term support for charitable causes. However, as these are relatively complex activities, LCVS will give individually tailored support to companies wishing to explore this area. Please contact us to discuss your requirements.