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We often see instances of business owners purchasing food and drink and wishing to claim a deduction through the business.  Whilst the general permission will give some guidance there is a further regime that can apply to limit the claim you make – the entertainment regime.  The following question and answer from CCH illustrates the rules in terms of coffee being purchased for staff.   Question A company is considering three options for…  Read more

Clients often ask what they can and cannot claim in relation to food, drink and other entertainment expenses and this area often tends to be confusing.  Due to this we see clients either claiming everything or nothing. Claiming everything can leave you exposed to investigation with interest and penalties being imposed on overclaimed tax.  This concern often leads other clients to claim nothing thereby missing out on a genuine tax…  Read more