Corporate gifts ?

[moorfield]

This a question for the accountants on here maybe - I would like to use my ltd co account to purchase some gifts for current and previous clients. Are there any rules / allowances around this - I'm guessing it would probably all fall under
entertainment expenses ?

And no this not an expense dodging question! I am genuinely interested in developing a good working relationship with current and previous clients.

[Bluebird]

It's just a bog standard business expense.

[Darren@UptonAccountants]

Corp Gifts

What type of thing did you have in mind?

Certainly if it's branded then ok, but things like gifts of holidays, etc may well be queried!!

[[email protected]]

Corporate gifts

Attached is a link in relation to the VAT treatment on business gifts. There is a £50 limit per client in any 12 month period.

http://customs.hmrc.gov.uk/channelsP...HMCE_CL_000784

[dude69]

It's just a bog standard business expense.

not in the least, and there's no such thing as a 'bog-standard expense'

The rules are here

http://www.hmrc.gov.uk/manuals/bimmanual/bim45070.htm

Up to fifty quid/recipient a year of CONSPICUOUSLY BRANDED gifts, not to include food, drink, vouchers, or tobacco. So basically if it's not a 'Crap Coders'-branded vase, or a 'Java Jokers' mouse mat or similar, you won't be able to include it in your expenses for CT purposes.

It's classed as entertainment otherwise, which is NOT tax-deductible.