Company gifts cash to Directors' parents

A client recently asked if he can give some cash as a gift to his parents and what the tax implications are? The gift of cash is purely designed to avoid tax and the cash will find its way back to the Director. What are the tax implications? Would he/she save corporation tax and pay NIC on the gift of cash. The parents are in no way involved in the company. Any help would be appreciated. 

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You don't mean that do you?

Chris Smail |
Chris Smail's picture

"The gift of cash is purely designed to avoid tax"

MikeyBaby |