Gifts given to customers- Companies Vs. Individuals

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April 28, 2020 at 9:37 pm #569457
aarti2407
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Sir, while reading through the text I noticed that when either companies or individuals gift something to their clients then the maximum allowable cost to the respective parties is 50 pounds. But I was just wondering that the gift-giving ability of a company is way more than that of an individual, why then the company’s gift expenditure is capped at 50pounds per recipient per year? Plus, they generally have more high profile/bigger clients so should not they be given be some slack?
May 2, 2020 at 10:10 am #569760
Tax Tutor
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As I have said during lectures – tax is not about why or what any individual may think is a good idea – tax is based on rules that HMRC have defined and we learn and follow them!
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