Delta Hotel (Leaderboard Ad)

Let's Talk

Your Total Guide To Business

Bowman House (Business Sponsor)

I want my Company to pay the Golf Club membership for my staff as a gift. Can I provide it as a benefit?#AskAMS

I want my Company to pay the Golf Club membership for my staff as a gift. Can I provide it as a benefit? I understand it’s allowable even for Directors. Are there consequences?

Your Company could pay the membership – and it would obtain tax relief, and reduce your Corporation Tax bill. But, it would be a taxable Benefit in Kind (BIK) for you and your staff. The BIK would have to be divided in a fair way – perhaps the number of times anyone uses the club. You would all have to pay extra income tax – and your Company would have to pay extra National Insurance.

If you take customers to the Club, it could reduce the taxable BIK - because some of the cost would count as entertainment (which is itself not tax-deductible). Basically, either way, there are tax consequences.

 

Bowman House (NEW - Animated Ad)
Lydiard Park Hotel & Conference Centre (Animated Ad)
Wilkins Talent Solutions (Animated Ad)
File Stream Systems (Animated Ad)
Thrings
M4 Self Store (Animated Ad)
Talent Seeker (Animated Ad)
Black Nova Designs (NEW Animated Ad for 2024)
HT Wills (Animated Ad)
Future Planning
Doubletree by Hilton Swindon (Animated Ad)
Bowman House (2024 Leaderboard Ad)

Weather in Swindon