Gift Vouchers

sab2905

An long-standing employee in a local business is retiring.

My client, a partnership, would like to mark the occasion,(there is a party to which they have been invited) by contributing towards a retirement present and the recipient has asked for gift vouchers.

As the person is not a customer, supplier or employee it is not a situation I have come across before.

I presume as the person is not an employee of the business there is no complications associated with the vouchers but is there anything else I should be aware of?

Thanks

Sara

Jmann

I would think it is business entertainment and gifts, hence not allowable tax purpose. I do not see any other issues other than not allowable. You need to add back when calculation the taxable profit.

sab2905

Thanks a lot, that's what I thought - just wanted to check.