self employed and gifts

billycasper_2

Thanks for the replies guys.
We are not talking about a great deal of money and to save the hassle of declaring what would be a small amount I wondered if a gift (a small one) would get round this issue. and yes knock it off the taxable pay of the business.
boy what a can of worms.

irishcharmer5

what could be the best ways to reduce your tax bill
some people say to buy a company car, give money to charity

what if organised a day out for staff including alcohol ,would that count?

George_Lucas

I have received a gift from a client, quite a generous one. How are corporate gifts counted? Do I need to declare?

Elaine_Wilson

This is a very difficult area. It depends on the exact nature of the gift.

This section (and the next page) of the Revenue manuals will give you an idea of how an Inspector will approach this.