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Ask the Tutor ACCA TX-UK

Income from self employment

Aaarti6y ago
Sir in one of your video lectures, you mention that in case of gifts to customers, the cost price, to the individual, should be less than 50 pounds. But I was just wondering if this applies to gifts to customers for promotional purposes/ marketing also?
TTTax Tutor6y ago#1
If they were marketing costs - providing customers with product samples - not gifts - those costs would be allowable
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