Bartercard has many charity members who all love getting donations http://belmontmail.co.uk/ZFF-YPOC-E24SJ4HO59/cr.aspx
But often charities and those making donation fail to claim the cash back relating to the donations, for example:
25% tax refunds in cash http://www.direct.gov.uk/en/MoneyTaxAndBenefits/ManagingMoney/GivingMoneyToCharity/DG_10015097
This means that for every £1 donated, you can claim an extra 25 pence.
Individual Tax Relief
If you pay higher rate tax and make a donation through Gift Aid you can claim some tax back too.
Corporation Tax Relief
When your company makes a qualifying donation to a charity the amount paid is treated as a ‘non-trade charge’ – this means your company can make a claim in its Company Tax Return to set the amount of the donation against its taxable profits.
One thought on “Donate Trade Pounds to Charity and get Cash Back”
Well done, Steve, a really excellent article and beautifully succinct. That’s something we’ve never even thought of – it’s the kind of thing the Bartercard really should promote. Well done indeed