Staff parties are potentially tax-free. HMRC's festive gift is limited though, as companies are allowed an annual tax-free, VAT inclusive amount of up to £150 per head. The calculation is shown later in this article.
This summary is based on our understanding of HMRC guidelines and may not apply to your circumstances.
Contact us on 01773 747990 for specific advice relating to your personal situation.
Accounting Matters - The Friendly Face of Accounting.
Member since: 10th July 2012
Hi, I'm Sarah. I've lived in Heanor with my family for over 10 years and I'm passionate about our beautiful little corner of this historical county. If you know of something that's great about our area,...