Tax guide highlights benefits of donating
Tue, 10 Nov 2009
A new guide which sets out the tax advantages for businesses to give to charity has been launched by minister for the Cabinet Office Tessa Jowell.
Entitled A Guide to Giving for Business, the document aims to be a comprehensive guide, illustrating the benefits of making donations.
Phil Perry, director of Ark Financial Planning, said that any measure which gives businesses a tax advantage is "always going to be beneficial", irrespective of the size or scale of the enterprise.
He commented that people would much rather pay to a charity than they would to the tax man.
Mr Parry added: "Provided it doesn't cause any issues from a business perspective, or cause any loss of income and is for the right reasons - obviously it will always be an advantage."
Referring to the guide, he said there was benefit to any publication which raises awareness of ways to save on tax, especially as many businesses are not aware of their options in this area.
The Treasury guide recognises that the private sector can contribute to the aims and objectives of charities in different ways, such as giving money, donating shares or equipment, or working in partnership with a third sector organisation through employee volunteering or secondments.
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