KEY POINTS
- New rules on VAT and entertaining expenses.
- Saving VAT on office parties.
- Entertaining or advertising and marketing: the difference.
- Factors when entertaining overseas customers.
- Changes to the Lennartz accounting method from 2011.
What does the word ‘entertainment’ mean to you? On a personal level my first thought is the classic song Let Me Entertain You from the wild and wacky Rocky Horror Show.
I then think of the Scott Joplin rag number The Entertainer closely followed by the massive entertainment given by Manchester United over the years with the team’s top quality football.
But being very sad I also think about whether input tax can be claimed by a business on a particular entertaining expense.
This article will consider some of these situations and I will add a...
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