Donations

This sheet is designed to analyse the tax treatment in respect of the various donations within the computation.

When you have identified amounts you want to be treated as donations within the

Income statement

, you should analyse these from the

Donations

sheet that needs to be developed.

In the Donations sheet add rows for each item donation you would like to analyse. You should then analyse the donation by selecting the option

s18A donation

if applicable. By selecting this option, the donations will be shown on the correct disclosure lines (

Donations - Other

or

Donations - (s18A)

) on the

Adjustment of profit (A)

schedule.

The allowable s18A donations are capped at 10% of the taxable income. This is calculated at the bottom of the Donations sheet and will also be shown at the bottom of the Adjustment of profit (A) schedule. Any s18A donations that are not allowed will be carried forward to the next year. This will also be calculated at the bottom of the Donations sheet. The s18A donations that are not allowed, and all other donations will be added back to the computation on the correct disclosure lines (

Donations - Other

or

Donations - (s18A)

).