Sponsoring wedding through business
Discussion
For example person A is getting married to person B. Person A has a business. At the wedding there will be a lot of people who are in business with person A.
Person A decides to sponsor the wedding in return for business exposure eg business cards, product placement - thus becoming a business expense.
Is this possible?
Person A decides to sponsor the wedding in return for business exposure eg business cards, product placement - thus becoming a business expense.
Is this possible?
MKA29 said:
Is this possible?
For example person A is getting married to person B. Person A has a business. At the wedding there will be a lot of people who are in business with person A.
Person A decides to sponsor the wedding in return for business exposure eg business cards, product placement - thus becoming a business expense.
Is it just me, or have just met the last of the true romantics For example person A is getting married to person B. Person A has a business. At the wedding there will be a lot of people who are in business with person A.
Person A decides to sponsor the wedding in return for business exposure eg business cards, product placement - thus becoming a business expense.
? MKA29, sorry no idea. But has the person proposing this broached the subject with the bride? Is he (and it must be a he) still attached to his knackers?
psi310398 said:
Is it just me, or have just met the last of the true romantics ?
MKA29, sorry no idea. But has the person proposing this broached the subject with the bride? Is he (and it must be a he) still attached to his knackers?
Chivalry died quite a long time ago don't you know ? MKA29, sorry no idea. But has the person proposing this broached the subject with the bride? Is he (and it must be a he) still attached to his knackers?
Yes and the bride agrees, as a reduced tax bill generally leads to more income to spend on shiny things to wear and other things brides like
MKA29 said:
Chivalry died quite a long time ago don't you know
Yes and the bride agrees, as a reduced tax bill generally leads to more income to spend on shiny things to wear and other things brides like
Great. I was just imagining the interview without biscuits I'd have faced had I broached the topic. Yes and the bride agrees, as a reduced tax bill generally leads to more income to spend on shiny things to wear and other things brides like
Props to you both anyway!
You're not both from Yorkshire, by any chance, are you?
If HMRC challenged it, do you think they would consider you to be the main beneficiary? If so, it's unlikely to be allowed.
You cannot just use a business sponsorship to pay for personal items, and you're not allowed to be too close to the recipient of the sponsorship unless there are good reasons.
You cannot just use a business sponsorship to pay for personal items, and you're not allowed to be too close to the recipient of the sponsorship unless there are good reasons.
Edited by Condi on Sunday 8th September 19:31
psi310398 said:
You're not both from Yorkshire, by any chance, are you?
Other end of the island!Sporky said:
Wouldn't it be more traditional to get your wedding sponsorship from Cadbury and OK Magazine?
It would be if the aim was to be sponsored. But the aim in this case would be to benefit from a business/personal point of view, which i now know is not permitted Condi said:
If HMRC challenged it, do you think they would consider you to be the main beneficiary? If so, it's unlikely to be allowed.
You cannot just use a business sponsorship to pay for personal items, and you're not allowed to be too close to the recipient of the sponsorship unless there are good reasons.
Thank you, although it is a shame I can't say I'm surprised. Although I thought as there was a genuine case for a business expense, "Person A" and B would indeed still benefit.You cannot just use a business sponsorship to pay for personal items, and you're not allowed to be too close to the recipient of the sponsorship unless there are good reasons.
Edited by Condi on Sunday 8th September 19:31
MKA29 said:
For example person A is getting married to person B. Person A has a business. At the wedding there will be a lot of people who are in business with person A.
Person A decides to sponsor the wedding in return for business exposure eg business cards, product placement - thus becoming a business expense.
Is this possible?
Of course it is. Person A decides to sponsor the wedding in return for business exposure eg business cards, product placement - thus becoming a business expense.
Is this possible?
Just not an allowable one......
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