Companies can receive tax relief when you give to the University. These donations can include cash, gifts in kind and staff time.
All companies can qualify for tax relief when you make a gift to the University. The relief works differently for those who are self-employed and in partnerships.
- Companies: When your company makes a donation, the company is entitled to tax relief by deducting the amount given from profits. Through giving in this way the company will pay less Corporation Tax. In 2010/11 the main rate for Corporation Tax is 28%, and the rate for smaller companies is 21%
- Self-employed: If you are self employed and would like to donate a gift to the University through your business this is treated the same as a gift from an individual where Gift Aid still applies to your gift as well as any tax relief for high rate of tax payers. As someone who is self-employed, you may also wish to donate any part of your tax repayment to the University. Find out more on how you can give in this way.
- Partnerships: If you are a partnership and would like to donate a gift to the University through your partnership this is treated the same as a gift from an individual where Gift Aid still applies to your gift as well as any tax relief for high rate of tax payers. Find out more on how you can give in this way.
Donations of goods or equipment:
Your Company can receive tax relief if you donate items which are made or sold by your company. When calculating profits for tax purposes items that are given to charity are not counted as a sale; meaning your company gets tax relief for the cost of the items donated. See how your company can become more involved in this way.
Agreeing to run a Payroll Giving scheme for your employees is an excellent way for you to inspire a giving culture within your workplace. The costs associated with setting up a scheme are minimal and your company may deduct any costs or matched donation from your corporation tax liabilities. More information can be found in the Payroll Giving section of our website.
Partnerships can also give through Payroll Giving, with the money eligible for Gift Aid.
Gifts of shares, land or buildings:
Companies can claim Corporation Tax relief for gifts of shares, land or buidlings. Companies and businesses can also claim relief if the shares or property donated are sold at less than their market value.
For more information on this please see the related sections of our website on gifts of shares and gifts of land or buildings. You may also view the example given at the bottom of the page to see how gifts of this kind can benefit your company of business. A larger version of this example can be found here.
For further information please contact the Office of Development and Alumni Relations or phone on +44 (0)23 8059 9079.
Applies to both individuals and corporations and benefits the best and brightest students at Southampton.