Companies: Tax Allowances

(asked on 14th December 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many companies have received tax relief on surplus food products donated to charity; and what value of revenue to the Exchequer has been foregone for that purpose.


Answered by
 Portrait
Jane Ellison
This question was answered on 19th December 2016

There is no specific tax relief for these purposes, therefore HM Revenue and Customs does not record the information requested. However, if a company donates its trading stock to a charity, it does not have to include the value of the gift in its sales income.

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