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Company buying Christmas gifts for suppliers etc

championc · 2021-12-11 17:30:04

Is there a limit for how much can be spent on gifts ? And are there restrictions on the type of gifts ? I assume that the costs are all subject to corporation tax.

11-12-2021 5:30pm

#1

championc

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Is there a limit for how much can be spent on gifts ? And are there restrictions on the type of gifts ? I assume that the costs are all subject to corporation tax.

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#2 11-12-2021 5:49pm

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There is no specific restriction on value mentioned by Revenue. Any amount spent on gifts for customers/suppliers is not allowed to be deducted in arriving at taxable profits for Corporation Tax.

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