Where do i stand tax wise on the following?
Discussion
How does my company stand on the following.
1) Its close to christmass and i would like to send each of my regular suppliers / regular customers a box of chocolates at a cost of perhaps £10 each. Maybe £100 cost in total. Legitamate business expense? What would the tax man say?
2) We have a fridge in the workshop that i like to keep stocked with cold drinks for employees. I also supply biscuits. Its good for moral. Again, is this a legitamate business expense? Is this a taxable benefit for them? I used to work for a very large organistation where tea and coffee were always free. They spent £100 a week on just milk.
1) Its close to christmass and i would like to send each of my regular suppliers / regular customers a box of chocolates at a cost of perhaps £10 each. Maybe £100 cost in total. Legitamate business expense? What would the tax man say?
2) We have a fridge in the workshop that i like to keep stocked with cold drinks for employees. I also supply biscuits. Its good for moral. Again, is this a legitamate business expense? Is this a taxable benefit for them? I used to work for a very large organistation where tea and coffee were always free. They spent £100 a week on just milk.
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