Is Voucher Giveaway an allowable expense?

I'm self-employed and have given away a voucher in a promotion.
Can I claim the value of the voucher as an allowable expense?

Comments

  • 00ec25
    00ec25 Posts: 9,123
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    edited 14 November 2017 at 3:28PM
    what does the voucher entitle the holder to receive and what was the nature of the promotion?

    there are specific rules where a voucher may be classed as disallowed business "entertainment", hence the need to know the context
  • pramsay13
    pramsay13 Posts: 1,934
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    The promotion was to promote the business.
    It was for a certain amount (£60) that can be used to pay me for my products.
    Do you have a link to the different rules so I can check them?
  • 00ec25
    00ec25 Posts: 9,123
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    so the nature of your business is you buy and sell physical goods?

    the voucher is nothing more than a £60 discount off the normal full price of the goods that you normally sell as part of your business?

    a sales discount is not an expense, it's a discount
  • pramsay13
    pramsay13 Posts: 1,934
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    I buy raw materials and then manufacture items.
    The £60 voucher will cover one of these items so I won't be getting any money.
  • I think you can only claim the actual cost to you, not the retail price. So if the raw materials for the item cost you £30, and you would normally sell it for £60, the cost to you of the voucher would be £30 not £60.
  • 00ec25
    00ec25 Posts: 9,123
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    pramsay13 wrote: »
    I buy raw materials and then manufacture items.
    The £60 voucher will cover one of these items so I won't be getting any money.
    no you cannot claim £60 as an expense,

    you have simply given a 100% sales discount so have spent £x on raw materials and got £0 income. Net effect you can claim £x raw materials purchase. Just as you would have done anyway.
  • pramsay13
    pramsay13 Posts: 1,934
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    Thanks for your answers.
    That makes sense now.
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