Are you still paying for your own Business Suits?
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This is not a personal fringe benefit. It is a permissible expense that your organisation can claim. This applies to all business owners, partners, principals, directors, executives, managers, supervisors and clerical staff and can include shirts, blouses, ties, scarves, knitwear, raincoats etc.
If properly logo'd, your work clothing is fully tac deductible and VAT refundable, a very tax efficient way of rewarding yourself and your staff.
This HMRC ruling isn't just for casual staff wear and tough workwear. It covers tailored clothing as well, so those working in white collar office environments can benefit from the same advantages as their blue collar colleagues in more manual roles.
The ruling applies to all business owners, partners, principals, directors, executives, managers, supervisors and clerical staff.
Provided the clothing features a discreet logo that distinguishes it from your personal wardrobe, the ruling applies and your 'working wardrobe' can be charged to the business.
With tailored garments, the most popular method of subtly adding a logo is by 'tax tabbing' which, when done correctly, meets with HMRC approval. TM Clothing & Gifts have a wealth of experience in this field and have been supplying discretely branded business wear to large and small enterprises for decades.
Some of our better know clients include: Brittany Ferries, Newbury Building Society, Hampshire County Council, The Goodwood Hotel, Old Thorns Hotel and many more.
Take advantage of this legal bonus for you and your team.
Call to receive a brochure pack, or to arrange a no-obligation appointment to see our showroom in Petersfield, where we can show you the range of tailored garments available and the options for discretely adding a logo.