December 5th, 2017

Gifts to Customers – Ho Ho Humbug!

Thinking of giving a gift to your customers or suppliers? Unfortunately, the tax man doesn’t always share your Christmas spirit…

Pretty much any gift of food, alcoholic drink or tobacco is not tax-deductible, unless exceptionally it’s a trade sample.

Where it’s a gift of a product sample of your company then it’s is generally treated as advertising so that’s ok.

Finally gifts which carry advertising – eg mugs, calendars, diaries etc are generally allowable as advertising and promotion costs. There is a further restriction of £50 per client per year.

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by John Mansley FCA
Director

John manages a wide portfolio of owner managed businesses and oversees the smooth operation of the firm’s payroll department.

After obtaining his degree in mathematics from the University of Liverpool, John joined Jonathan Ford & Co in 2004 and qualified as a chartered accountant four years later. John likes to keep abreast of developments in tax and accounting and is responsible for the mentoring of junior staff.

Outside of work, John enjoys powerlifting and is a Liverpool FC season ticket holder.