Questions and Answers
Can I get a tax deduction for buying gifts for customers at Christmas?
I run a small business and I wanted to give some gifts to my loyal customers and suppliers this Christmas. Are these gifts tax deductible?
A lot of businesses like to give gifts at Christmas to their customers or suppliers. In order for tax relief to be claimed on these gifts they need to be of a promotional nature. For example, things like branded diaries, calendars, pens, mugs, umbrellas etc.
Unfortunately, if you simply send drinks, sweets, boxes of biscuits etc. these are not a tax-deductible expense.
Date published 15 Dec 2021 | Last updated 13 Dec 2022This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with over 6,246 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 23 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.
See how TaxAssist Accountants can help you with a free, no obligation consultation