Solihull IFA Adrian Smith & Partners is calling on the Government to give tax relief to charities on company donations.
Registered charities can claim back tax on individual donations made under the Gift Aid scheme and AS&P believes the same concession should be made on company donations as well.
The IFA recently celebrated its fifth anniversary with a balloon race across the UK which raised £370 for the Guardians of St Alphege Church in Solihull. It also handed over a cheque representing the tax it believes the Government should repay.
Director Adrian Smith, pictured above (left) making his donation to the Rev Tim Pilkington of St Alphege Church, Solihull, and Michael Palmer, chairman of the Guardians of St Alphege, says: “It is worth reminding people that registered charities can claim tax back on individual donations made under the Gift Aid scheme. Unfortunately, this does not apply to company donations.
“While it is valuable to charities to be able to reclaim some tax back on individual Gift Aid donations, isn't it about time that the Chancellor gave charities relief on company donations? In this case, we have given an additional cheque representing the tax that we believe the Government should pay over.”