Reclaim VAT and off set against Tax.
Few people are aware that you can have your business clothing legitimately paid for by your company and treated as a business expense.
It is a perfectible permissible business expense that your organisation can claim. This is not a personal fringe benefit.
What types of clothing are covered?
- T-Shirts and Polo Shirts
- Oxford Shirts
- Sweatshirts
- Bodywarmer
- Knitwear
- Coats & Jackets
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Who does this apply to?
- Business owners
- Partners
- Principals
- Directors
- Executives
- Managers
- Supervisors
- Clerical staff
- And more
Appropriately logoed, "workwear" or "corporatewear" uniform clothing is fully tax deductible and VAT refundable. Taking advantage of this allowance is a very tax-efficient way of rewarding yourself and your staff.
You are probably already aware that branded clothing, such as polo shirts, fleeces, sweatshirts and the like are tax-deductible; which is indeed the case.
Sometimes this type of clothing is not suitable for business office environments; where the attire consists of smart casual clothing layers and shirts.
However, provided the clothing is for "client facing" staff and features a ‘discreet’ logo that distinguishes it from your personal wardrobe, the ruling applies and your ‘work’ wardrobe can be charged to the business.
This involves applying a subtle and discreet company emblem to the item of clothing. If done correctly, the process meets with HMRC approval and ensures the items are a legitimate business expense and 100% tax-deductible.
See where we can add your logo discretely.
Recommended branding types and locations - Click link.
Term "Client facing" is anyone that interacts with your customers and can include virtual video calls.