All about your charitable donation
IKCA is a UK-registered charity that helps the world’s poorest people beat cancer. It’s our chosen charity and we donate a percentage of our turnover to it. If you’d like to donate, too, then don’t forget that giving to charity as a business has some perks!
If you’re self employed, you can Gift Aid your donation, so that the IKFA can claim back tax on your donation direct from HMRC - in effect, you’re boosting your contribution without paying extra!
Limited companies’ donations are deducted out of gross profits,so no Gift Aid declaration is necessary. If the donation is an allowable expense for tax purposes (conditions apply - ask us!), your Corporation Tax bill will be reduced by 20% of the donation. Don’t forget to keep the paperwork to show the donation!. There are some conditions to ensuring that charitable donations are allowable expenses for tax purposes.