If a business chose to 'give' say Â£10k a year to a 'charity' <cough> school where one of their consultants' DC attend rather than pay the consultant a fee, would that be allowed and would there be any benefit for the consultant, tax wise?
Thinking out loud: The business would 'win' because it could offset tax against a charitable donation and the consultant would win because the Â£10k would represent his DC school fees. Is there a way the school would win too?
I don't know . . . I'm not an expert by a long way. Does anyone know?
Not sure about the business angle, although I wd have thought that only certain kinds of donations could be offest against tax but this would certainly be a benefit for the employee, and I think the cash equivalent would be taxed
Edit to say...I am an accountant but not a tax expert, so am happy to be wrong