Would You Like The Taxman to Contribute to a New Set of Golf Clubs?

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Would You Like The Taxman to Contribute to a New Set of Golf Clubs?

Long service awards made to employees and directors (that's you!) as testimonials to mark long service, which take the form of tangible articles of reasonable cost when you have worked for 20 years at the company can be given tax free.

Reasonable cost is taken to be £1000 for 20 years service.

So the purchase by your company of a set of golf clubs or anything tangible you want would be tax deductible for the company and not taxable on you.

Isn't it about time you got something back from the Taxman after all the tax you have paid over those 20years. Not a lot, but still worth doing.

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