Monday, March 21, 2005

ThirdSector UK

ThirdSector: "March 16 2005
Finance: Corporate giving could be taxed if charities displaygivers' logos
Corporate donations to charity could be taxed in a row over what constitutes advertising.

Customs and Excise has said that the display of corporate logos by charities to acknowledge donations is a form of advertising for the companies involved and should be subject to VAT. This means donations will be hit by the 17.5 per cent charge if the policy is enforced.

Charities frequently acknowledge corporate financial support by reproducing company logos on their print or TV advertising, or on their websites"

No comments: