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The Accountants for Growth
The catering sector can sometimes benefit from tips received from customers and unfortunately there are some tricky tax rules which must be applied to any tips or gratuities received.
Tax is payable on income from employment and unfortunately HMRC consider tips to be income from employment.
We touched on a number of ideas during the session which we are going to expand on in the coming weeks as they will be relevant to many caterers. One question that a delegate asked was: -
Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England & Wales.
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