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New queries: Retirement gift; Council tax rebate...

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28 August 2013

Issue: 4417 / Categories: Forum & Feedback

...French employer; Inflation-proof loan

Retirement gift

My client is a reasonably large company which has built up a workforce of several hundred employees over the years. Many of these have reached or will soon reach retirement age and the firm would like to mark the cessation of employment with a gift.

It has been suggested to me that the firm would be happy to spend in the region of £250 for a retirement gift for each employee. However because the client is anticipating having to purchase quite a few gifts each year it has also asked what the VAT implications would be.

I can’t seem to decide whether this is a business supply or not. There is no obligation on the firm to make the gift so does it relate to the business or is it made at the personal whim of the directors? Can the firm...

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New queries: Retirement gift; Council tax rebate...

© Copyright LexisNexis 2024. All rights reserved.

28 August 2013

...French employer; Inflation-proof loan

Retirement gift

My client is a reasonably large company which has built up a workforce of several hundred employees over the years. Many of these have reached or will soon reach retirement age and the firm would like to mark the cessation of employment with a gift.

It has been suggested to me that the firm would be happy to spend in the region of £250 for a retirement gift for each employee. However because the client is anticipating having to purchase quite a few gifts each year it has also asked what the VAT implications would be.

I can’t seem to decide whether this is a business supply or not. There is no obligation on the firm to make the gift so does it relate to the business or is it made at the personal whim of the directors? Can the firm...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4417

Categories: Forum & Feedback [1]

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