December 5th, 2017

Gifts to Customers – Ho Ho Humbug!

Thinking of giving a gift to your customers or suppliers? Unfortunately, the tax man doesn’t always share your Christmas spirit…

Pretty much any gift of food, alcoholic drink or tobacco is not tax-deductible, unless exceptionally it’s a trade sample.

Where it’s a gift of a product sample of your company then it’s is generally treated as advertising so that’s ok.

Finally gifts which carry advertising – eg mugs, calendars, diaries etc are generally allowable as advertising and promotion costs. There is a further restriction of £50 per client per year.

 

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Managing Director

Jonathan trained as a chartered accountant with Price Waterhouse (now PWC) in Liverpool before becoming a small business services manager for Grant Thornton in Warrington. He also spent three years as the financial controller for Brookside and Hollyoaks (not that he ever mentions it!).

Jonathan is recognised as a specialist in the entertainment industry and is often called upon to provide training courses and seminars for media professionals. He’s also a bit of a technology geek and has been recognised with the accountancy industry as one of the most progressive accountants in the UK.

Outside of work Jonathan is very proud to be the Treasurer of the Tim Parry Johnathan Ball Foundation for Peace and to be on the Council of the Liverpool Institute of Performing Arts (LIPA)

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