Ask a Law Question, Get an Answer ASAP!
Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. All Companies must pay corporation tax however as long as you receive no benefit from the donations and they are not paid as dividends to the charities then the payments will apply for "Gift Aid".
"Gift Aid" is a tax relief applicable to Limited companies under S.191 of the Corporation Tax Act 2010.
I would consider including a provision in your Articles of Association that allow for all company profits to be paid as a charitable donation.
ta, AJ.I may come back to you with more queries on this . Regards ***** *****