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This update was first published in the April 2012 UK edition of Accounting and Business magazine.

Notice 700/65, Business Entertainment, is effective now and replaces the November 2011 edition, this having replaced the May 2002 edition. The notice has been updated in terms of its technical content. It still contains the November updates on the recovery of input tax on business entertainment provided to overseas customers. The notice seeks to provide guidance on business entertainment, employee entertainment, business entertainment to overseas customers and how and when the private-use charge will be applied where input tax is recovered.

Glenn Collins, head of technical advisory, ACCA UK

Last updated: 8 Apr 2014