Making Tax Digital (MTD)

Business Entertainment Expenses: What HMRC Allows and Disallows

Most sole traders entering MTD IT have been recording client lunches as business entertainment expenses without realising that those costs cannot reduce their tax bill. It is not just a missed deduction. Miscoding entertainment across four quarterly updates overstates your allowable and disallowable expenses at every submission, and HMRC corrects that at the year-end declaration.

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