Can a purchase of a Box at your favourite football club be tax deductible?

Good morning everyone, Mitch Young from Lerman Jacobs Davis the young dynamic accountants who are committed to saving our clients hassle and money

HMRC recently queried an engineering company claiming a deduction for a cost of a box at a London Premier League football club. For the 19 home matches they invited clients to the box to watch the game but before each match the partners held a board meeting. They also had promotional material highlighting their services and gave a brief presentation.

No children were invited and this was a genuine promotional targeted series of event. Furthermore they disallowed the separate bill for food and wine. They claimed it was like renting a satellite office for an event. HMRC investigated it and the engineering company won!

Thus this week I would love an introduction to any company directors you know who love football.

That’s Mitch Young from Lerman Jacobs Davis, helping you and your business to count.