1298 Business entertainment and gifts
Corporation Tax Act 2009 (2009 c 4) | Legislation

Business entertainment and gifts

1298  Business entertainment and gifts

(1)     This section applies if a company incurs expenses in providing entertainment or gifts in connection with a business which it carries on.

(2)     The general rule is that—

(a)     no deduction is allowed for the expenses in calculating income from any source for corporation tax purposes,

(b)     no deduction

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