Planning Ahead! Tax Free Staff Christmas Party

Christmas can be a costly time, but staff parties could potentially be tax-free!  HMRC’s festive gift is however limited, as Reuters reports companies are allowed an annual tax-free amount of up to £150 per member of staff.

This total can cover food and drink, and also accommodation and transport back home if the company pays for these items.  Guests can also include non-employees such as partners.   In addition, the employer will receive tax relief on what it all costs.

More information can be found at Reuters Small Business