HL Deb 14 February 2000 vol 609 c128WA
The Earl of Northesk

asked Her Majesty's Government:

How commercial sponsorship of government activity is treated in tax terms by the Inland Revenue. [HL858]

Lord McIntosh of Haringey

If expenditure on business sponsorship is revenue expenditure incurred wholly and exclusively for business purposes, the expense is deductible when calculating the sponsor's business profit for tax purposes.