Christmas Presents

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DonaldG replied

27 November 2008, 20:15
Right answer, it is better to put this through as a company expense. You don't get tax relief on it and you cannot reclaim the VAT (if not on the FRS scheme).

However the company pays for it, it means you are not paying for it personally (on money that you have already been taxed on) so you will be technically better off.

Merry Xmas!
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TheFaQQer replied

24 November 2008, 15:08
Originally posted by Pondlife View Post

IIRC you can buy the gifts with company money but they will not be counted against Corp Tax.

That sounds about right - my accountant told me not to bother last time I asked him, as it wouldn't save me any money doing it.
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dx4100 replied

24 November 2008, 14:48
Originally posted by Pondlife View Post

IIRC you can buy the gifts with company money but they will not be counted against Corp Tax.

Yup that's what my accountant just told me....

He said to put it down as "Entertainment".....
Leave a comment:
Pondlife replied

24 November 2008, 14:19
IIRC you can buy the gifts with company money but they will not be counted against Corp Tax.
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Epiphone replied

24 November 2008, 13:27
I always pay Christmas gifts like this out of the company account. The way I see it it's an expense incurred as part of the business getting repeat work. If I didn't have the company I wouldn't have to butter up the client.
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diesel replied

23 November 2008, 15:32
Originally posted by oafc0000 View Post

Too bloody right its arse licking...and they love it

So can I put it through the books ?

my accountant has told me no......it seen as a personal gift.
yes its arse licking but good way to "secure" work in 2009.....i mean i know staff members who get promoted just for doing
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dx4100 replied

23 November 2008, 14:45
Originally posted by badger7579 View Post

Blatant arse licking...

Drink it yourself

Too bloody right its arse licking...and they love it

So can I put it through the books ?
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badger7579 replied

22 November 2008, 23:35
Originally posted by oafc0000 View Post

Hi All

I want to get a couple of the key people at my current gig a Christmas present each. Decent bottle of whisky each as thank you from my company to them for this years work they have put my way. Getting the owner, a director and IT manager a bottle each.

Will I be ok putting this through the books you reckon ? Or is it a no no..... How does this look from a IR35 point of view...

Blatant arse licking...

Drink it yourself
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dx4100 replied

22 November 2008, 20:50
Originally posted by BrilloPad View Post

The baby's nappy needs changing.Your contract will be outside IR35

What rate you offering....
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BrilloPad replied

22 November 2008, 20:49
Originally posted by oafc0000 View Post

You got some work for me

The baby's nappy needs changing.Your contract will be outside IR35
Leave a comment:
dx4100 replied

22 November 2008, 20:41
Originally posted by BrilloPad View Post

Send me a bottle of Whisky and I will tell you.....

You got some work for me
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BrilloPad replied

22 November 2008, 19:27
Send me a bottle of Whisky and I will tell you.....
Leave a comment:
dx4100 started a topic Christmas Presents

22 November 2008, 18:53
Christmas Presents

Hi All

I want to get a couple of the key people at my current gig a Christmas present each. Decent bottle of whisky each as thank you from my company to them for this years work they have put my way. Getting the owner, a director and IT manager a bottle each.

Will I be ok putting this through the books you reckon ? Or is it a no no..... How does this look from a IR35 point of view...
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