Earlier this month, the chancellor said he wanted to ‘encourage people who
are in a position to do so to donate more to the public good’, and advisers
believe reclassifying sponsorship rules for charities is an obvious reform to
‘A contribution made to a charity in return for a company’s name being
associated with the charity is treated as sponsorship and taxed as services
This sponsorship could be treated as a tax-free donation instead,’ said Pesh
Framjee, head of Deloitte’s not-for-profit unit.
Any moves to encourage philanthropy will be welcomed by organisations such as
the UN, which has had to curtail food aid because of rising food prices.
To read more click here