A client wants his company to buy him a suit for meeting new clients and the like.
I've been reading on HMRC re clothes and have gathered that however this is done, i.e ownership passes to the director or not, suit bears company logo or not, unless a dispensation is applied for and allowed a P11d will have to be completed. I get that bit.
What I can't quite work out is if the suit is tax deductible. I have always thought, and other posts on here confirm this, that a suit would not be tax deductible. However the other post also mention the suit bearing the company logo, but I can't find a definitive answer on here or HMRC about the tax deductible bit. I think if it does have a logo then it's tax deductible, and if a dispensation is given, then no P11d. That would make my client happy. Can anyone confirm if I'm on the right track please.
I went to a HMRC presentation on expenses and benefits about 7 years ago, and the lady giving the presentation was wearing a suit. We were told that this was logo'd and therefore a business expense. The logo was the same colour as the suit, about the size of a 'large' stamp and just above the hand pocket on the left hand side. Essentially, if she hadn't mentioned it, there is no way we would have noticed it.
I think the principle was to provide uniform to staff, rather than something that would qualify for tax relief!
If you can go to this trouble and show that it's uniform I guess you should be OK.
