Entertainment is not allowable for VAT purposes. However, some entertaining maybe claimed for tax purposes. In general, as a rule it is not allowed, however, according to HMRC guidelines if it is secondary to a meeting of more than one client it is, so be careful when claiming. Also do not over claim for reasonable entertaining expenses as there is even more chance they will be disallowed.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 25th March 2024
From 6th April 2024 the National Minimum Wage for Employees 23 years and over will rise from £10.42 to £11.44. Please note this is the Employers legal responsibility to check their employees are earning at least this amount and inform the office to amend the payroll if required.