Special rules prevent tax relief being allowed for the cost of business entertainment, but certain related costs escape. How do the blocking rules apply and what are the exceptions?
Published 05.04.2016
If you spend money on business entertainment you need to be wary of the special tax rules. If you don’t tackle them in the right way you could be missing out on valuable tax relief. What should you
be doing?
Published 18.04.2018
VAT paid on the cost of business entertainment can’t be reclaimed. However, what counts as entertainment and what is a general business staff-related expense isn’t always clear. How and why will it
benefit you to identify the difference?
Published 08.03.2022
You want to stage an event to promote your business, say an evening barbecue for customers and staff. You expect the cost to be a few thousand pounds. How much tax relief, if any, can you claim and
what other tax implications are there?
Published 03.06.2019
Two directors have been meeting the cost of business expenses out of their salary but they’ve now found out that this could be costing them thousands a year in extra NI. Why is this and what’s the
alternative?
Published 07.09.2011
Generally, the cost of business entertainment isn’t a tax-deductible expense. However, it can be where it relates to your employees. How far does this exception stretch and does it make staff
entertainment tax efficient?
Published 23.02.2022
One of our subscribers hosts seminars and provides food and drink during the day. A tax inspector refused to allow a tax deduction for the cost because he says it’s business entertainment. Is he
correct?
Published 12.12.2019
One of our subscribers, who runs a one-man company, wanted to know if he was entitled to a tax deduction for the cost of an extravagant meal with his partner following the completion of a successful
contract?
Published 04.07.2017
In your role as a director having a good assistant is invaluable. But if your company can’t or won’t pay them, can you? If you pay them direct, can you claim tax relief for the expense?
Published 27.05.2016
You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a social environment, say, over a meal. But will the
association’s costs be tax deductible?
Published 09.06.2016