Business gift to partner

[gemasp]

Does it mean that if I pay for a gift from company account I will have to pay CT on that?

[northernladuk]

Hi there,

If I would make quite expensive gift to my business partner, am I allowed to expense it through my Ltd company ?

Thx.

Just to play devils advocate here.....

Does this constitute buying your partner their xmas present and putting it through the books or a geniune gift to a non-relation?

Does this make a difference for tax or for risk of doing this? I would have thought even there may be defined rules around what is and what isn't allowable putting your partners xmas gift through the company is a little questionable? Surely if you could do this it would be a green light to abuse the system?