Entertainment
Entertainment expenditure is limited to a 50% deduction if it falls within the following:
- Holiday Accommodation
- Pleasure Craft
- Corporate Boxes
Food & Beverages consumed at any of the above or in other specific circumstances are also limited to a 50% deduction e.g. Business Lunches.
All other entertainment expenditure is fully deductible, provided the entertainment aspect is merely incidental.
Please note that if you provide enertainment that is only 50% deductible, you can only deduct 50% of any expenses incurred in providing the entertainment.
There are a number of exemptions from these rules, please contact us if you are unsure.