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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Entertainment expenses for overseas customers
In some questions the entertainment expenses related to overseas customers is deducted and in some it is not deducted
I wanted to know that when are these expenses deducted i.e in which situations.
Thanks!
Are you mixing up questions on adjustment of profits in income or corporation tax with dealing with the recoverability of VAT on entertaining expenses?
Please let me know in case of Vat
Chapter 25 section 3.1 note (c)
And in case of Companies?
The same VAT rules apply to VAT registered traders whether unincorporated or incorporated