2.4-Briefly identify the main taxation consequences of the provision of the facilities described at Note 6.

6. The directors have noted that they think that all the miscellaneous expenses should be allowable for tax purposes. It includes 15,000 for the costs of renting an executive box at the local horse racing track the executive box is usually used to put on events involving clients, suppliers, and prospective clients the catering and associated costs of these events was 18,000 during the year (in addition to the basic rental). The company also pays for the annual staff Christmas party this cost (of 7,000) for around 70 staff and guests in total was also charged here