"What this is you get a £300 allowance in the tax year. This is a gift from the company to the director but there are some rulings. The gift can be anything as long as its not cash or a cash voucher (exchangeable for cash). Each transaction has a limit of £50. Exceeding this will disallow the expense. It will also have to be paid from the company account and you will allocate it to sundries on FA. A good use of this would be an amazon gift card."
15 years running a company, I have never heard of this. Not one accountant (until now) has mentioned this.
qh
15 years running a company, I have never heard of this. Not one accountant (until now) has mentioned this.
qh
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