MT Week - One4all: the tax deductible gift card for limited companies

Given the recent interest rate increase and continually escalating cost of living - not to mention those energy prices - you may well be wondering how to downsize your Christmas spending.

Well, if you run a limited company, there is a tax deductible gift card you can buy to treat yourself and loved ones.

The One4all gift card can be used as a trivial benefit - a tax deductible expense.

It can be spent at over 55,000 outlets around the UK and online, including high street brands like Boots*, Argos*, M&S* and TK Maxx*.

But while it’s pretty straightforward to use, there are some notable downsides. 

And there are also some rules around how it all works. Here’s what you need to know.