Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will take steps to incentivise corporate sponsorship of air ambulances, civil air patrols and other not-for-profit and charitable organisations.
There are tax incentives already available for businesses which support not-for-profit and charitable organisations. Qualifying donations receive corporation tax relief, and sponsorship payments are tax deductible as business expenses.
Charities whose main purpose is to provide air ambulance services have been included in the VAT refund scheme since April 2014, meaning they can claim refunds of VAT incurred on their non-business activities.