Eating out can take several different forms:
- Taking clients out for meals
- Buying refreshments for yourself
- Meeting clients/contacts for coffee
- Taking you staff out for meals/down the pub
Unfortunately slightly different tax rules apply to each.
Buying Refreshments For Yourself
The rule here is that if the food/drink is associated with travel then it is allowable. So, if you travel to London and stay the night in a hotel for the purposes of business, your evening meal is subsistence and so is a deductible expense. Read more