Friday, February 03, 2017

Crazy business expense claims

HMRC has published a list of what they claim to be the most outlandish expenses that customers tried to offset against business profits:
  1. Holiday flights to the Caribbean
  2. Luxury watches as Christmas gifts for staff - from a company with no employees
  3. International flights for dental treatment ahead of business meetings
  4. Pet food for a Shih Tzu ‘guard dog’
  5. Armani jeans as protective clothing for painter and decorator
  6. Cost of regular Friday night ‘bonding sessions’ - running into thousands of pounds.
  7. Underwear - for personal use
  8. A garden shed for private use - plus the costs of the space it takes up in the garden
  9. Betting slips
  10. Caravan rental for the Easter weekend.

No comments:

A dozen ways to maximise the tax you pay (a parody)

  Find the cheapest accountant you can. Bonus points if they're your cousin’s mate. Give them your books at the last minute – ideally...