Forgive me if this is a repeat but not sure of the answer.
Client wants to thank some customers with a small tin of chocolates - won't be expensive, certainly well below the £50 limit, do HMRC consider it to be food and therefore technically disallowed?
thanks in advance
Replies (11)
Please login or register to join the discussion.
Are these chocolates...
... that are intended to be applied topically?
You should probably look on them less as chocolates and more as little bundles of fats, sugars and other carbohydrates.
Food
I would say with some confidence that chocolate is food.
McDonalds, on the other hand... that's a different matter.
Chocolate is not food
For VAT purposes, chocolates are "confectionery", not food, and are thus standard rated, so I think what is sauce for the Customs goose should be sauce for the Revenue gander.
James
I think John Venn (of diagram fame) would disagree with you. He might say something like, "confectionery is a subset of food". If you're ever going to argue the point at tribunal though, I'd like to come and watch.
PWC - Christmas gifts could be illegal under Bribery Act
Just a general point as the limit mentioned in lja20's original post was "below the £50 limit".
"Corporate Christmas gifts of a gold fountain pen or a case of Champagne may be caught by the new Bribery Act, according to a Serious Fraud Office "Secret Father Christmas" test drawn up by the country's largest professional service firm."
Ho Ho Ho!
Apply chocolate topically...VAT saving
If you wish to give chocolate as a gift, but don't want to pay any VAT - then the good news is that chocolate body paint is zero-rated!
Bribery Act
An accounting practice is offering up to £100 for each referral that results in new business. Does this fall fowl of the Bribery Act?
That is such an old joke. Sorry, I can't stay; I have to be at the dentist for tooth hurty.
What is this session coming to?