Bribery Act 2010: Primary legislation governing corporate hospitality and gifts. Requires adequate procedures to prevent bribery and follows Ministry of Justice guidance. Critical for ensuring client entertainment doesn't constitute illegal inducements.
Income Tax Act 2003: Governs tax implications of business entertainment, including treatment of entertainment expenses, distinctions between staff and client entertainment, and associated record-keeping requirements.
VAT Act 1994: Covers VAT treatment of entertainment expenses, input tax recovery rules, and specific record-keeping requirements for entertainment-related expenses.
Financial Conduct Authority (FCA) Rules: Regulatory framework for FCA-regulated companies, covering inducements, recording and reporting obligations related to client entertainment.
Data Protection Act 2018 & UK GDPR: Legislation governing the recording and processing of client data, privacy considerations, and record retention requirements in relation to entertainment activities.
Money Laundering Regulations 2017: Regulations particularly relevant for high-value entertainment, including due diligence requirements and record-keeping obligations to prevent money laundering.
Criminal Finances Act 2017: Contains Corporate Criminal Offence of Failure to Prevent Tax Evasion, ensuring entertainment isn't used as a vehicle for tax evasion.
Companies Act 2006: Defines directors' duties regarding company resources and corporate governance considerations in relation to entertainment spending.
Health and Safety at Work Act 1974: Establishes duty of care requirements during corporate events and necessity for risk assessments for entertainment activities.
Equality Act 2010: Ensures entertainment activities don't discriminate and considers accessibility requirements for all participants.
