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employer’s trading profits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › employer’s trading profits

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • August 30, 2020 at 4:54 am #582688
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Dear sir,

    doubt 1- Gifts of hampers to customers costing less than 50pounds is a deductible expense for the employer??

    doubt 2- What about gifts of hampers over 50pounds given to employees not in recognition of their service? deductible for employer when calculating trading profits?

    thank you

    August 30, 2020 at 10:26 pm #582796
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    1. It depends what is in the hamper!
    2. Gifts to employees are assessable benefits on the employee and will therefore be allowable for the business

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