Originally posted by Joxer
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It's per employee, and not per employee's guests. As your company is made up of one employee, you're allowed one lot of £150 to spend.
Furthermore, you can spend UP TO £150. As soon as you spend over that amount, then the full amount becomes non-tax deducatable. In otherwords, because you have two receipts, and one of those receipts of for way over the £150 threshold, the only thing you could claim on is the £50 receipt. Unlucky.
Unless my understanding is completely wrong, which is always a possibility.
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