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Business gifts received

Posted Wed, 26 Apr 2023 09:00:20 GMT by
Does a business or employee need to declare business gifts and entertainment received from customers or suppliers, e.g. thank you gifts from a customer or rugby tickets from a supplier?
HMRC Admin 25
Posted Wed, 03 May 2023 15:29:03 GMT by HMRC Admin 25
Hi HJD,

A cash gift from a client is subject to Income Tax.

Other gifts are not taxable unless a gift is worth more than £250 in any year.

Thank you. 
 

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