The support of companies can benefit Felsted School in a number of ways – and businesses can receive a number of benefits by making a charitable donation to causes like ours.

All companies can get tax relief when they give money to UK charities, although the relief works differently for companies, self-employed people and partnerships. If someone is self-employed and wants to Gift Aid their donation it is handled in the same way as a donation from an individual.
When a company makes a donation, it gets tax relief by deducting the amount given from profits and pays less corporation tax. In 2007/8 the main rate of corporation tax is 28%, and the rate for smaller companies is 19% (Rising to 22% in 2009).
Where the company is a partnership, a Gift Aid donation should be treated as donations of equal amount from the individual partners, unless the partnership decides to split it in a different way. The tax position for both you and the donors is the same as for Gift Aid by individuals. Unless one partner has a power under the partnership agreement to make a Gift Aid declaration on behalf of the partnership, you will need a Gift Aid declaration from each partner. This can be done on one declaration form provided it includes each partner's details.

Companies can claim corporation tax relief for gifts of shares. They can also claim relief if shares are sold at less than their market value. The shares which qualify for relief are the same as those which qualify when they are given by individuals, subject to one exception - a company cannot give its own shares. The tax relief works in the same way as for individuals. Companies get this relief in addition to any exemption from corporation tax on any capital gains on gifts to charity of shares, securities and other assets. Companies should deduct the amount while working out their company profits in the accounting period in which the gift is made. When gifts of shares are made by self-employed people or by partners in a partnership, the deduction is calculated in the same way as for individuals.

The support of companies can benefit Felsted School in a number of ways – and businesses can receive a number of benefits by making a charitable donation to causes like ours.

All companies can get tax relief when they give money to UK charities, although the relief works differently for companies, self-employed people and partnerships. If someone is self-employed and wants to Gift Aid their donation it is handled in the same way as a donation from an individual.
When a company makes a donation, it gets tax relief by deducting the amount given from profits and pays less corporation tax. In 2007/8 the main rate of corporation tax is 28%, and the rate for smaller companies is 19% (Rising to 22% in 2009).
Where the company is a partnership, a Gift Aid donation should be treated as donations of equal amount from the individual partners, unless the partnership decides to split it in a different way. The tax position for both you and the donors is the same as for Gift Aid by individuals. Unless one partner has a power under the partnership agreement to make a Gift Aid declaration on behalf of the partnership, you will need a Gift Aid declaration from each partner. This can be done on one declaration form provided it includes each partner's details.

Companies can claim corporation tax relief for gifts of shares. They can also claim relief if shares are sold at less than their market value. The shares which qualify for relief are the same as those which qualify when they are given by individuals, subject to one exception - a company cannot give its own shares. The tax relief works in the same way as for individuals. Companies get this relief in addition to any exemption from corporation tax on any capital gains on gifts to charity of shares, securities and other assets. Companies should deduct the amount while working out their company profits in the accounting period in which the gift is made. When gifts of shares are made by self-employed people or by partners in a partnership, the deduction is calculated in the same way as for individuals.