Cable Forum - View Single Post - Virgin to terminate London Air Ambulance sponsorship??

MovedGoalPosts · 11-04-2012, 13:38

We don't know the full facts here, but it does seem that the changes in Government policy for tax relief on the larger donations are misfiring. I suspect that, whether this particular sponsorship is true or not, it's harsh to be blaming Richard Branson.

One can hardly blame donors who if they had given £100,000 saved themselves perhaps £25,000 of tax liability (OK I don't know the actual amounts percentages, but you get my drift) now if they donate £100,000 they still have to find a further tax on having eared that £100000 that they donated. A double whammy? That money has to be found somewhere and if it's now diverted to government coffers it can't go to the charity.

11-04-2012, 13:38	#3
MovedGoalPosts Inactive Join Date: Jun 2003 Location: 127.0.0.1 Age: 61 Posts: 15,868	Re: Virgin to terminate London Air Ambulance sponsorship?? We don't know the full facts here, but it does seem that the changes in Government policy for tax relief on the larger donations are misfiring. I suspect that, whether this particular sponsorship is true or not, it's harsh to be blaming Richard Branson. One can hardly blame donors who if they had given £100,000 saved themselves perhaps £25,000 of tax liability (OK I don't know the actual amounts percentages, but you get my drift) now if they donate £100,000 they still have to find a further tax on having eared that £100000 that they donated. A double whammy? That money has to be found somewhere and if it's now diverted to government coffers it can't go to the charity.