I’m sometimes asked whether tax relief can be obtained on the cost of staff Christmas parties and I’m please to say that the answer is – YES…….but…….as usual, this is subject to various HMRC conditions.
The good news is that tax relief is available for a Christmas (or other annual) party, meal or similar event if the cost per head is less than £150. This applies to business owners and their spouses so is an ideal and legitimate way to save a little more tax when you treat your better half to an expensive meal out.
Remember though that this is only available for one event per year on a use it or lose it basis – so choose which one to include wisely!
As usual – just contact me if you’d like any further info.
Best wishes
Paul