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"Business retreat" - allowable expense?

Answer
Kimberley Piombini
Posted Thu, 03 Oct 2024 15:57:57 GMT by Kimberley Piombini
Can a Director of a company book a week in a hotel to have clear headspace to do business planning and admin work?
No holiday and no other people just a different location for space to think? Is this allowable for CT?
Is it a taxable benefit or exempt from bik?
Answer
HMRC Admin 13 Response
Posted Thu, 17 Oct 2024 09:47:34 GMT by HMRC Admin 13 Response
Hi Kimberley Piombioni
We do not provide accountancy advice, however expenses claimed must be wholly and exclusively for the purposes of the trade, profession or vocation.
Please see guidance at: BIM37000 - Wholly and exclusively: contents - HMRC internal manual.
Thank you 

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