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Dave.

  • Posts: 557
Xmas Gifts
« on: December 22, 2012, 09:47:11 am »
Hi Chaps & Chapettes,

A friend takes my cheques to the bank each week, she's not employed by my business.

I've bought her a gift for her efforts for Xmas.

Is this gift allowed to be offset against tax?

Regards, Dave
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easy clean

  • Posts: 570
Re: Xmas Gifts
« Reply #1 on: December 22, 2012, 10:38:47 pm »
It'd have to be some gift to even worth thinking about!
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mlscontractcleaner

  • Posts: 1483
Re: Xmas Gifts
« Reply #2 on: December 22, 2012, 10:54:26 pm »
You buy her a gift and then worry about it being tax deductable??????

Didn't they make a film or two about you???

Something about three ghosts visiting in the night lol?????
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Ian101

  • Posts: 7887
Re: Xmas Gifts
« Reply #3 on: December 23, 2012, 12:39:04 am »
easier to claim the 45p per mile thats allowed by taxman

EG 5 miles a week x 52 weeks £117  ;)
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Dave.

  • Posts: 557
Re: Xmas Gifts
« Reply #4 on: December 23, 2012, 09:31:26 am »
It wasn't about the value of the gift or the tax 'saved'.  I bought it with my business debit and was wondering where to document the receipt while I was doing my books for the month.

Thanks for your help anyway

Dave
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