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Book a family holiday on the company? | Tax Tips | Galley & Tindle
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Book a family holiday on the company? | Tax Tips | Galley & Tindle
You’re booking a last minute summer holiday for you and your family. As you’re a little short of cash, can you use your company’s money to pay for it, and if so what are the tax and NI consequences? The tax angle As a company owner manager you have control of your company finances. Of course, this doesn’t mean that you should spend its money willy-nilly but there’s nothing wrong in using it to pay for goods and services for your personal use or …
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