Tax Relief on Award Ceremony

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lgarside
lgarside Registered Posts: 122 Dedicated contributor 🦉
in Tax
If 5 staff and 5 Clients attend an Industry Award evening what is the best way to treat this for tax purposes?

Can it be considered as networking/marketing or does it have to split 50/50 and if so is this between client and staff entertaining. Also, if the latter can 50% of the VAT be claimed?

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  • Jmann
    Jmann Registered Posts: 68 Regular contributor ⭐
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    Networking

    I treat as a networking and PR exercise. So no BIK, fully allowable and can claim vat.
  • lgarside
    lgarside Registered Posts: 122 Dedicated contributor 🦉
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    Many Thanks for your help, would this be the same if it was all staff and therefore not a PR exercise?
  • Jmann
    Jmann Registered Posts: 68 Regular contributor ⭐
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    Yes, it is still networking as you would be meeting others from the same industry. You may well have chance to do the business others from the same industry!

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