What is and isn't tax deductible?

garybarlowsbeard

Can a limited company claim for:

Buying drinks/food for staff Christmas party
Buying small gifts for clients
Buying small gifts for freelance staff as a Christmas "bonus"

From what I can gather none of these are tax deductible but doesn't quite seem right to me?

Thanks in advance
GBB

Regshoe

Christmas party costs (or indeed annual event - doesn't have to be Christmas, but often is) are ok, see:

http://www.hmrc.gov.uk/manuals/bimmanual/bim45033.htm - for the business deduction and:

http://www.hmrc.gov.uk/manuals/eimanual/eim21690.htm - for potential benefit to employees.

Gifts are generally disallowed subject to certain exceptions, see:

http://www.hmrc.gov.uk/manuals/bimmanual/bim45065.htm

garybarlowsbeard

Thanks Reg!