Normally I have clients looking forward to using their Christmas party allowance (not sole traders or partners) however this year might be a bit different but I’ve come up with a plan to help!
Why not save the allowance of £150 per person including VAT and 1 guest for when restaurants reopen and use it before the end of the tax year? Instead have a think about trivial benefits for you and your employees?
If that doesn’t work for you or your employees a gift upto £50 for Christmas is perfectly allowable. Don’t go over the allowance! You can’t get the VAT back on the gift.