Parties, Christmas and Tax

It’s that time of year again when it pays to review the entertainment rules over the Christmas season. Let’s look at the tax treatment of saying thanks to customers and staff typically with gifts, wining and dining. 50% deductible entertainment expenses Inland Revenue’s IR268 guide gives the following examples of where entertainment expenses are 50% deductible: Taking customers, suppliers and business associates out for dinner or putting on a function for…  Read more

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