Section 1299 Business entertainment: exceptionsC1
The prohibition in section 1298 on deducting, or bringing into account, expenses incurred in providing entertainment does not apply in either of cases A and B.
Case A is where—
the entertainment is of a kind which it is the company's business to provide, and
the entertainment is provided in the ordinary course of the business either for payment or free of charge in order to advertise to the public generally.
Case B is where the entertainment is provided for employees of the company unless—
the entertainment is also provided for others, and
the provision of the entertainment for the employees is incidental to its provision for the others.
Annotations
Modifications
- C1
Pt. 20 Ch. 1 applied (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 92(4) (with s. 147, Sch. 17)
Notes on Chapter 1
Modifications
- C1
Pt. 20 Ch. 1 applied by 1989 c. 26, s. 85(2BA) (as substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 348(4) (with Sch. 2 Pts. 1, 2))