Just want to check something as doing the accounts here. If two of the Company Directors go for a business lunch, can that be paid for by the company and is it allowable by revenue as a business expense?
Also if one of the Company Directors brings, in the first case an existing client, and in the other a potential client, out for dinner, is that also a business expense which can be paid for by the company and allowable by revenue?
In both these cases I think they are a legitimate business expense and can be paid for by the Company, but I am just not sure if they are acceptable expenses for Revenue in order to reduce corporation tax liability?
Also if one of the Company Directors brings, in the first case an existing client, and in the other a potential client, out for dinner, is that also a business expense which can be paid for by the company and allowable by revenue?
In both these cases I think they are a legitimate business expense and can be paid for by the Company, but I am just not sure if they are acceptable expenses for Revenue in order to reduce corporation tax liability?