Taking clients karting...
Discussion
I'm not an accountant, but VAT certainly can't be claimed on entertainment as far as I know and what you are describing is certainly that.
One thing you should be very careful is whether you are classed as the organiser of an event and what liabilities you might face if someone was injured.
One thing you should be very careful is whether you are classed as the organiser of an event and what liabilities you might face if someone was injured.
roadsweeper said:
I'm not an accountant, but VAT certainly can't be claimed on entertainment as far as I know and what you are describing is certainly that.
One thing you should be very careful is whether you are classed as the organiser of an event and what liabilities you might face if someone was injured.
I think its fast being changed to - 'I'm going karting lads - fancy coming along?'One thing you should be very careful is whether you are classed as the organiser of an event and what liabilities you might face if someone was injured.
roadsweeper said:
Steamer said:
I think its fast being changed to - 'I'm going karting lads - fancy coming along?'
You do still need to be careful because legally you may still be seen as the event organiser so if I were you'd I check it out just to be sure.
I owe him a whole bar full of virtual pints.
Can't comment on the VAT side of things but....
As has been suggested previously this would be considered business entertainment.
"Business entertainment means the provision of free or subsidised hospitality or entertainment. The person being entertained may be a customer, a potential customer or any other person."
As such would be caught under s577 ICTA88 and not be allowed as a deduction in computing taxable profits.
Hope that helps.
As has been suggested previously this would be considered business entertainment.
"Business entertainment means the provision of free or subsidised hospitality or entertainment. The person being entertained may be a customer, a potential customer or any other person."
As such would be caught under s577 ICTA88 and not be allowed as a deduction in computing taxable profits.
Hope that helps.
Steamer said:
roadsweeper said:
The Moose said:
This is a thread for ERIC
Shame he's not here...
I haven't seen him on here for a while - nothing has happened to me has it?Shame he's not here...
But I'm sure Eric is fine - he's just taking a break I hope.
roadsweeper said:
I'm not an accountant, but VAT certainly can't be claimed on entertainment as far as I know and what you are describing is certainly that.
One thing you should be very careful is whether you are classed as the organiser of an event and what liabilities you might face if someone was injured.
I have organised quite a few - every circuit makes you sign a disclaimer before you race so not sure if you need to worry about that One thing you should be very careful is whether you are classed as the organiser of an event and what liabilities you might face if someone was injured.
pcourt400 said:
Can't comment on the VAT side of things but....
As has been suggested previously this would be considered business entertainment.
"Business entertainment means the provision of free or subsidised hospitality or entertainment. The person being entertained may be a customer, a potential customer or any other person."
As such would be caught under s577 ICTA88 and not be allowed as a deduction in computing taxable profits.
Hope that helps.
Just become an MP and claim it was your garden patio heater......As has been suggested previously this would be considered business entertainment.
"Business entertainment means the provision of free or subsidised hospitality or entertainment. The person being entertained may be a customer, a potential customer or any other person."
As such would be caught under s577 ICTA88 and not be allowed as a deduction in computing taxable profits.
Hope that helps.
Steamer said:
roadsweeper said:
The Moose said:
This is a thread for ERIC
Shame he's not here...
I haven't seen him on here for a while - nothing has happened to me has it?Shame he's not here...
See that's my problem, it's all about me. I even managed to get two references to myself in that first sentence. 
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