Christmas gifts for clients

lozza10
lozza10 Registered Posts: 5 New contributor 🐸
Hi I'm just wondering what VAT code on SAGE would you code for wine and chocolate's for Christmas gifts to clients please?

Comments

  • WarrenJAllen
    WarrenJAllen Registered Posts: 22 New contributor 🐸
    Assuming that the wine and chocolates are not clearly branded with your business advertising, if I were recording these entries I would consider a client gift to be subject to the same treatment as client entertainment; which is generally not tax deductible or reclaimable for VAT. So I would record them with a VAT code T9.
  • Rana55
    Rana55 Registered Posts: 4 New contributor 🐸
    It should be T9
  • duncan123
    duncan123 Registered Posts: 15 New contributor 🐸
    Hi, we are building an automated tool to help businesses to identify both historical VAT risks and missed opportunities to claim VAT. It will sit above Xero, Quickbooks and SAGE and integrate seamlessly whilst keeping your data totally secure. Kind of like a 'quick VAT health check.' Just wondering if you'd find something like this useful? Thanks
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