2 minute read

Westminster Security

Next Article
WINDOWS & DOORS

WINDOWS & DOORS

Personal security is a tax-deductible expense employment, there is no necessity for any direct or impending danger. And the expenditure must be in connection with the use or provision of an asset or service which improves personal security.

CEOs, Directors, and other business executives could invest in a wide range of personal security services and assets, such as close protection, security chauffeurs, residential security guards, security doors and windows, and even a secure panic room if required.

Most company owners and directors are unaware that security expenses are tax-deductible for businesses.

While some companies see security as an unnecessary expense, it is essential to protect assets and employees. Investing in security can increase productivity, prevent theft, and protect owners and employees in the event of a robbery or targeted attack. Not only is security a wise investment, but it can also reduce tax liability.

This little-known fact is not widely discussed or published online. HM Revenue and Customs (HMRC) allows companies to offset their security expenses on services and assets that improve property and personal security against their corporation tax liability. However, some requirements must be met to be eligible for a tax deduction.

The perceived threat and risks must be established from the particular trade or

The Details

Professionals in protection. Always on Guard. For more information visit westminstersecurity.co.uk or call 0207 123 4544.

Similarly, a company could invest in office or retail store security, such as CCTV and alarms, security guards, security shutters, etc. even bodyguards for employees in the event of a special threat. Sole traders or limited company directors working from a home-based office could also invest in tax-deductible services and assets to protect themselves from potential threats.

The interpretation of “special threat” is not necessarily prescriptive and introduces a grey area open to interpretation. Therefore, documenting the reasoning for the allowance is essential in case of a subsequent dispute. Businesses can benefit from increased security, improved morale, retention and reputation, productivity, and profits, whilst saving tax by investing in security.

Westminster Security are experts in threat and risk mitigation providing property and personal security in the UK and internationally for highthreat and high-risk business leaders and their families.

‘At Home Farm’ returns for a third summer season of events and residencies with a stellar lineup of musicians, chefs and comedians. These uniquely intimate, curated events are held within the rustic setting of Home Farm, Elstree. The first instalment of this year’s much anticipated lineup of music artists, in collaboration with Communion Presents, include Laufey, and The Shires. And, for the first time, Ronnie Scott’s Blues Explosion will also be joining the summer series. Celebrated chefs, including Sabrina Gidda, Josh Katz, Noor Murad, and Social Pantry’s Sarah Turner will be collaborating with Ben Quinn and his acclaimed Woodfired Canteen to create feasts served under the oak.

A stone’s throw from Central London, you are transported to a countryside haven where guests dine under trees amid the long grass, or wander through the fairy lit woods to a very special live music show on a secret stage nestled within the trees. Due to our proximity to London, most of our guests choose to come just for the evening, however if you live further afield you can book one of Home Farm Glamping’s fully furnished bell tents or yurts for the night and enjoy waking up in the long grass meadow.*

*subject to availability

Intimate Woodland Stage Performances

A sensational experience not to be missed Communion Presents host intimate, one-of-a-kind

This article is from: