Company hands back £1.8m after change in rules around Gift AidPrince Charless Duchy Originals has been forced to buy back shares from his charitable foundation to avoid leaving the charity out of pocket after a change in the rules around Gift Aid.
The company,which sells biscuits, sausages and soup exclusively through up-market grocer Waitrose, and increased profits by 2% to £3m as royalties from the sale of its products rose by 2.2% to £3.15m.
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Source: theguardian.com