I have been looking through HMRC manuals and accountingweb threads to assure myself that I am treating staff/director entertainment correctly. What I am unsure of is whether I can put director only entertainment (them buying themselves meals not away from office and drinks out) on the PSA? (The company in question has a PSA set up for Staff entertainment and Working Lunches). Many thanks.
Staff Entertainment:
- Can claim VAT back
- BIK - can be covered by PSA
- Allowable deduction against corporation tax
Directors only Entertainment
- Cannot claim VAT back
- BIK – can be covered by PSA ?
- Dis-allowed against corporation tax