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Overseas client entertaining

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Overseas client entertaining

  • This topic has 2 replies, 2 voices, and was last updated 5 years ago by AvatarTax Tutor.
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  • August 18, 2020 at 1:33 am #580973
    AvatarAverageAndy
    Member
    • Topics: 128
    • Replies: 34
    • ☆☆

    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!

    August 18, 2020 at 4:54 am #580979
    AvatarAverageAndy
    Member
    • Topics: 128
    • Replies: 34
    • ☆☆

    Or perhaps entertaining expenses are disallowed in case of CT but allowed for self-employed individuals calculating tax adjusted trading profits?

    August 23, 2020 at 8:36 pm #581676
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    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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