Business Tax Benefits
What is a Tax Efficient donation?
A tax-efficient donation is a contribution that an organisation makes to our charity, which reduces the amount of tax they have to pay. This means your organisation gets a financial benefit while also supporting us.
Cash donations
When the organisation gives money directly to NI Hospice.The donation amount can usually be deducted from taxable income. Reduce your overall profit on which tax is calculated, resulting in less tax to pay.
In-kind donations
Instead of giving money, the organisation donates products, equipment, or services.The market value of the goods or services donated can often be claimed as a business expense, reducing taxable profits.
Sponsorship
Usually treated as a business expense, which reduces taxable profits.The charity is required to charge VAT on the sponsorship payment at the standard rate (currently 20% in the UK).
Request a call from a Fundraiser or give us a call at 028 9078 1836.
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