Do Company donations qualify for Gift Aid ?
Companies can make charitable donations under Gift Aid, but those gifts are made without deduction of tax, so the charity does not reclaim tax on the gift.
The company’s gift is treated as an expense and deductible from its profits as long as the company has profits for the accounting year in which the gift was made. The value of the gift cannot change a profit into a loss, increase a loss, or be carried forward as an expense for a future period. The gift must also not be subject to conditions which would make it repayable by the charity, and the company must not receive significant benefits from the charity.