A time for giving 🎄 🎅

Buying gifts for your clients is classed as entertaining and as a general rule any entertaining expenses are not tax deductible.

There are some small exceptions to this rule however. For example if you are gifting an item (not food or alcohol) and it has your logo on it, and is up to the value of £50, then it will be tax deductible.

Treating your staff this Christmas? ✨

You can give your employees a tax-free gift of up to £50 as long as it;
➡ isn’t cash or a cash voucher;
➡ Isn't a reward for performance at work;
➡ Isn't in the terms of their contract

This is called a ‘trivial benefit’ which if qualifies, you will be saving tax at the employee rate and national insurance at 13.8%.

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