Tax relief for shooting trophy

A client provided an annual party for his staff in the form of clay pigeon shooting tuition, followed by a competition. He provided a trophy for the winner of the competition, engraved with the company name and the winner's name. The winner will hold it for a year, then the competition will be held again next Christmas. I now see from his books that the trophy is an antique, for which the company paid nearly £600 plus another £100 for engraving. I am wondering if it is corporation tax deductible and also if it counts as a taxable benefit in the hands of the lucky winner. What do you think?

Comments
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There are two benefits

George Attazder |
George Attazder's picture

Market value of trophy

nutwood |

I do agree (in part)...

George Attazder |
George Attazder's picture

Are we sure about this?

Roland195 |

It's placed at the employee's disposal...

George Attazder |
George Attazder's picture

I'm sure you are right but

Roland195 |

Deeming provision

George Attazder |
George Attazder's picture

Ah, so if we call it a paper weight

Roland195 |

Well...

George Attazder |
George Attazder's picture

Thanks for all your

kathyray |

Are you saying...

George Attazder |
George Attazder's picture

Well!

kathyray |

Aha!

George Attazder |
George Attazder's picture

A most amusing post !

Eddystone |