Barefoot Andrew
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Sponsorship/taxation queryIf I were to sponsor either a charitable organisation (e.g. become a 'corporate sponsor' of my local wildlife trust), or sponsor a particular event in return for logo deployment, how do I declare this to HMRC? Would it be a tax-deductibubble, or non-deductibubble expense?
A.
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earthyvirgo
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It's an allowable expense if you're getting something in return, i.e your logo displayed.
Think I'm right anyway.
I always head for the Businesslink website if I'm looking for info like this
EV
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Barefoot Andrew
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Good idea.
A.
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Hairyloon
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There is, I believe, a tax incentive for charitable donations.
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Barefoot Andrew
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I'm not talking about a donation per se - in both cases above I'd be getting something in return.
A.
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jema
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My accountant just lumps such things in with marketing. Just so long as you are getting something visible out of it.
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