Gifts-VATForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Gifts-VATThis topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts July 18, 2020 at 2:37 pm #577304 agnes222MemberTopics: 45Replies: 17☆☆sir gifts less than or equal to 50pounds made to any person/12month are not treated as taxable supplies. but if the gift exceeds 50pounds limit then the entire gift amount becomes a taxable supply? or only the excess amount?thanks once again sir! July 20, 2020 at 12:50 pm #577453 Tax TutorMemberTopics: 2Replies: 3965☆☆☆☆☆The entire amountAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In