Is Donation to the Local Youth Club be Tax-Deductible for my Business?

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    My company makes a regular donation to the local youth club­, is this expense tax-deductible for my business?

     

    If the youth club is a registered charity your company can make a donation under the gift aid scheme and achieve tax relief for the business and the charity. The Taxman also allows deductions for small donations to local bodies such as churches where there may be a benefit to the employees and their families. The youth club may qualify under this concession.

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