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Home » News & Insights » Terrific Tuesday Tax Tip -Gifts to Clients

Terrific Tuesday Tax Tip -Gifts to Clients

Posted on 20th December 2017

Gifts to Clients

Buying your client a gift is a great way of demonstrating gratitude for their custom and support during the year. So how can you say thank you without being taxed?

HMRC will allow you to give a business gift worth up to £50 to any one person in any one tax year.

The gift must be a business gift, e.g. business diary, wall calender, pens, mugs etc.  It must not be food, alcoholic drink or tobacco or vouchers which are exchangeable for those items.

The gift must carry a clear advertisement for your company in order to avoid being classified as entertainment expenses, which would not be allowable.

If the gift costs more that £50, the whole amount becomes taxable, not just the amount over £50!

Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice

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Filed Under: Tax tips

Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice

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