The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the VAT treatment of supplies of business gifts and samples.
Business gift is the term used to describe anything that a business gives away and the recipient of the gift is not required to make any form of monetary or non-monetary payment for the goods.
A gift of business assets is treated as a supply of goods for VAT purposes and will be liable to VAT at the relevant rate unless one of the following exceptions applies:
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