Company conferences/ meetings
Discussion
A month or so ago someone posted a suggestion that it was legititame even for small companies to have overseas conferences or meetings. Thus 2 or 3 directors could meet for 2 or 3 days in, say Dublin, have a few beers and meals, discuss business matters and that this was legitimate. I think they suggsted 2 weeks in Barbados actually but Eric suggested that would be too much!
I was wondering just how far a small company could go in terms of having an annual meeting of directors and employees. I do recall having been on some pretty swanky trips when I worked for big employers where we did have business presentations but mainly it was about 'team building'and socialising.
I met some public sector staff in a hotel who had justified a 'team' trip to Paris for 3 days as it was cheaper than staying in London (where they were based) for the series of meetings.
Where do people think the limits are? I would hate to miss out, but don't want Mr Angry of Cumbernauld writing to me!
I was wondering just how far a small company could go in terms of having an annual meeting of directors and employees. I do recall having been on some pretty swanky trips when I worked for big employers where we did have business presentations but mainly it was about 'team building'and socialising.
I met some public sector staff in a hotel who had justified a 'team' trip to Paris for 3 days as it was cheaper than staying in London (where they were based) for the series of meetings.
Where do people think the limits are? I would hate to miss out, but don't want Mr Angry of Cumbernauld writing to me!
There are no limits - only honesty.
Companies are now taxed under a Self Assessment system so claims for expenses are totally down to what the directors think they can legitimately justify. If you are a small company with no overseas links, no normal reasons to send staff or directors overseas and no overseas customers or suppliers, trying to justify expenditure on overseas trips might prove very difficult.
The basis of claims for allowable business expenditure always fall back on the age old term - "wholly and exclusively for the purpose of the trade".
If the expenditure cannot be justified under those terms, then it is not allowable.
>> Edited by Eric Mc on Sunday 6th February 15:00
Companies are now taxed under a Self Assessment system so claims for expenses are totally down to what the directors think they can legitimately justify. If you are a small company with no overseas links, no normal reasons to send staff or directors overseas and no overseas customers or suppliers, trying to justify expenditure on overseas trips might prove very difficult.
The basis of claims for allowable business expenditure always fall back on the age old term - "wholly and exclusively for the purpose of the trade".
If the expenditure cannot be justified under those terms, then it is not allowable.
>> Edited by Eric Mc on Sunday 6th February 15:00
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