Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I would like to make a purchase of a gift voucher to thank my niece for helping me during a day camp.
I have a few questions about this:
Can I purchase a voucher at any shop, for example a clothing shop?
How can I redeem it and what is the maximum amount I can purchase as a voucher to keep it tax and vAT efficient?
Can I also do multiple vouchers, for example, from £50 as a gift, or do I have to limit myself to one?
Thanks for the information!
Hi,
I would definitely not sell this to the tax authorities in this way, because it mainly looks like you are searching for a way to reward/compensate your niece for the help she offered you (read: paid her, read: paid her under the table). ;)
To do it correctly, you could buy a gift voucher for your niece privately. Or you could purchase the voucher as a business gift and not disclose for which (business) relationship you purchased it. You are allowed to give a business gift worth more than €50, but then the vAT is no longer deductible. And you can only give one business gift per year per relationship, so multiple gifts of €50 is not the solution. You will be entering the grey area of creative accounting, which is always a bit of a gamble, of course. I don't bother with that anymore. The days of the Wild West from taxation are over. Fraud is being cracked down on, and the few pounds I save in deductions are not worth the peace of mind. ;)
Regards, J.
Thank you for the feedback. Very valuable!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
