With Christmas just around the corner, its the time to be thinking of decorations, gifts for customers and treating employees to that all important Christmas night out but exactly how much should you spend and what can you claim back. We explain it all.
Christmas Bonus for staff This will count as ordinary earnings and be subject to PAYE and NI as if it were additional salary.
This means that your logo or a promotional message should appear on whatever you decide to give. Diaries, calendars, flash drives and other computer related items are all legitimate purchases. Suppliers of corporate gifts are always coming up with new products.
Word of Caution
Be careful not to overspend as once you exceed the threshold, no deduction whatsoever is allowable.
Member since: 10th July 2012
Hi I am Faz and am passionate about all things Bolton. I hope you enjoy reading my blogs and find them to be interesting and thought provoking. I would love you to add your personal comments to them. Dont...