Here are examples they give of what can count as "entertaining" - this list is not exhaustive:. When you're entertaining your employees, this may be allowable for tax relief in your business's accounts, but it could also be a benefit on which your employees have to pay some tax.
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The cost of entertaining employees as a reward for good work, or to keep up morale, is staff entertaining, which is allowable for tax relief and on which you can reclaim any VAT you pay. For tax relief and VAT reclaim to be allowed, the purpose of the event has to be to entertain employees.
If there's an event with a mixed group and the purpose of the event is to entertain everyone equally, then you can claim back the VAT on the cost of entertaining your employees only.
For example, if you have a staff Christmas party and allow your employees to bring a friend, you'd have to work out the amount of VAT you paid on the cost of entertaining your employees and only claim that. You can't claim the VAT on the cost of entertaining their friends. If your business has one or more directors, but no other employees, then the issue becomes more difficult. HMRC say that the cost of providing entertainment only to directors or partners doesn't qualify for tax relief or a VAT deduction.
But they also say that if the directors or partners are travelling "away from their normal place of work on a business trip", then any VAT suffered on the cost of travel, accommodation and meals can be reclaimed. The rules for tax relief would mirror this, and this also applies to employees, sole traders, partners, and to subcontractors who are part of the team and treated like employees. So if you want to have a celebration meal for two directors who are the only employees of the business, make sure that the meal takes place away from the usual place of work and as part of a business trip which the directors would have made anyway, for example to see a client!
This is a grey area so if you are not sure whether you can claim tax relief or reclaim VAT on a particular cost, you should seek professional advice from an accountant who will be able to advise you. Award-winning accounting software trusted by over 90, small businesses and freelancers.
FreeAgent makes it easy to manage your daily bookkeeping, get a complete view of your business finances and relax about tax. Registered in sunny Scotland No. Entertaining for your business?
Make sure you know what expenses you can claim Entertaining people can be a very enjoyable part of being in business - as sharing time, food and drink away from the office can help to build and cement working relationships. Who are your employees? What is entertaining? Here are examples they give of what can count as "entertaining" - this list is not exhaustive: food and drink accommodation e.
Entertaining employees: Benefit When you're entertaining your employees, this may be allowable for tax relief in your business's accounts, but it could also be a benefit on which your employees have to pay some tax. Entertaining employees: VAT The cost of entertaining employees as a reward for good work, or to keep up morale, is staff entertaining, which is allowable for tax relief and on which you can reclaim any VAT you pay. Lead Nurturing. Nonprofit CRM. Online CRM. Real Estate CRM. Sales Enablement. Sales Force Automation. Small Business CRM.
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