384. Relief for qualifying donations and expenditure on grassroots sport.

In computing the corporation tax chargeable for an accounting period1 of a company, qualifying charitable donations made by the company are allowed as deductions from its total profits for the period after any other relief from corporation tax, other than group relief and group relief for carried-forward losses2. The amount of the deduction is limited to the amount that reduces the company's taxable total profits for the period to nil3.

For the purposes of corporation tax, 'qualifying charitable donations' means: