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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Reply to: Christmas Presents
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Previously on "Christmas Presents"
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IIRC you can buy the gifts with company money but they will not be counted against Corp Tax.
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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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Originally posted by oafc0000 View PostToo bloody right its arse licking...and they love it
So can I put it through the books ?
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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Originally posted by oafc0000 View PostHi 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...
Drink it yourself
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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...Tags: None
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