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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