BIM45185 - Specific deductions: gifts in kind and payroll giving: relief for gifts of medical supplies and equipment by companies: definitions
S107 Corporation Tax Act 2009
A wide definition should be applied to ‘medical supplies� and ‘medical equipment�
Companies are able to obtain tax relief for donations of trading stock of medical supplies and/or medical equipment for humanitarian purposes (see BIM45190). No amount is brought into account in calculating the trading profits in relation to the stock given away (see BIM45180).
»Ê¹ÚÌåÓýapp term ’medical supplies and medical equipmentâ€� should be interpreted broadly. All medicines or vaccines for human use are included. ’Equipmentâ€� includes:
- equipment required for the delivery and administration of medicines (e.g. syringes),
- other equipment appropriate to the situation such as bandages and medical appliances, and
- preventative equipment such as mosquito nets.