Business giving in a variety of ways can be such a benefit for all

There are many opportunities and advantages for businesses giving in some way to help the Sailors’ Society.

Benefit of your business giving money to our Society

If based in the UK, your business can claim tax relief on donations, whether the gift is large or small, one off or regular, by using Gift Aid.

Gift Aid is a scheme by which tax relief is available for donations of money. To give through Gift Aid, your company simply pays the money to our charity. Your company does not deduct any tax from the donation and does not need to make a Gift Aid declaration to us. To get the tax relief, you simply deduct the amount of the donation from your total profits prior to calculating your company’s corporation tax, thus reducing the amount of tax payable.

Additional benefits will come from our thank you to your business for your generosity. We can show our appreciation in our newsletter, or for a major donation, offer a place at a prestigious event.

Benefit of your business sponsoring our Society

Sponsorship is generally different from a charitable donation because your business will get something in return for your sponsorship of our charity events. This is usually recognition in the form of the publicity that we will give to sponsors. This may be regarded as a legitimate trading expense on which tax relief may be claimed by your business.

Your business can claim tax relief for such sponsorship provided the payment is made wholly and exclusively for the purposes of your trade. Where a sponsorship payment qualifies for the permitted relief, all your business needs to do is deduct the value of the sponsorship payment when your business is calculating its profits for tax purposes.

Benefit of your business giving shares to our Society

Your business can claim tax relief on the donation of shares. If qualifying, your business can claim tax relief equal to the market value of the shares on the day you make the gift, together with associated costs such as brokers’ fees. Tax relief may also be claimed on shares that are sold to charity at less than their market value. In this case you can claim a deduction for the difference between the full market value and the proceeds you will receive from charity. In both cases you should take off the value of any benefit in kind that you receive from us in return for your gift.

Benefit of your business giving some of your stock or equipment to our Society

Your business may be able to claim tax relief on the donation of your trading stock or some of your equipment to us. It applies to items that you might manufacture or sell, also to equipment (for example, if an IT producer or IT wholesaler, then donation of computer equipment, application software etc.), providing that this is used in the course of your business or trade.

Benefit of loaning your employees to our Society

If any of your employees are seconded to work with us, and your business continues to pay their salary, you can deduct the costs associated with employing that person as if they had continued to work for you as normal.