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Tax relief to consider for festive shopping

By Ola Sulaimon
Ronzl Accountants

Claiming Tax relief at this time to be jolly and I was reminded of this fact when I saw my favourite mince pies on the shopping racks recently.

This time is also the time we love to show appreciation to our clients, our team members and also our family.

We often do this by giving them gifts, entertaining them by throwing Christmas parties, etc.

However, it would be fantastic if you were able to claim tax relief on these gifts -that could be like your Christmas gift from HMRC.

Tax relief

You could think, obviously, that business gift and client entertainment would be deductible as an expense and wonder why this is a gift. If you don’t meet certain conditions, even when these transactions are made for business reasons, they are disallowed for tax purposes, therefore you miss that Christmas gift.

If you would like to read more click below, However, if you would like us to support you with your tax and accounting compliance issue kindly click