Sponsoring a charity

Charity sponsorship payments are different from donations because your company gets something related to your business in return. Typically, your business brand would be promoted by the charity in some way.

You can deduct sponsorship payments from your business profits before you pay tax by treating them as business expenses.

Payments qualify as business expenses if the charity:

  • officially supports your products or services,
  • allows you to use their logo in your own printed material,
  • allows you to sell your goods or services at their event or premises,
  • links from their website to yours.

If you are unsure whether a charity payment qualifies as a sponsorship payment or a donation, contact the HMRC charities helpline, 0300 123 1073.

Share:

Accounting in Sheffield and Doncaster Certificates

Recently Added News

Nothing to declare

Downsizing business operations is a perfectly acceptable response to economic pressures, and this may lead to an absence of activity for a period of time.

Read More »

Related News

Advisory fuel rates

If you pay for the fuel used in your company car you are entitled to recover the cost of the fuel – for business journeys

Stock holding and inflation

If your business processes materials or assembles goods for sale it will need to keep a stock of items to ensure that future sales can

Sunak steps up

Long-awaited government support to help consumers meet the unprecedented increases in energy costs was announced by the Chancellor this week.   His measures have been

Quick Links

Web + SEO - LoudCrowd