Sir is entertaining of overseas client an allowable expenditure? Because in study text its written allowable but in the exam kit they write it’s not. So am confused. Any help would be much appreciated.
Thank you!
Ask the Tutor ACCA TX-UK
Overseas client entertaining
Or perhaps entertaining expenses are disallowed in case of CT but allowed for self-employed individuals calculating tax adjusted trading profits?
You may be confusing the rules for the treatment of entertaining expenses in the adjustment of trading profits and the treatment of input VAT
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