Disallowed Expenditure - Subscriptions and Donations Flashcards
1
Q
Trade of professional association subscriptions are…
A
Normally allowable, since they will be made wholly and exclusively for the purposes of trade
2
Q
Small donations to local charities are
A
Allowable
3
Q
Gift of stock or assets to local charities or schools are…
A
Allowable
4
Q
Donations to national charities are…
A
Disallowable
5
Q
Subscriptions and donations to political parties are…
A
Disallowable