 Photo by Eugene Zhyvchik on Unsplash | 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? |
A number of restaurants and take aways have become pretty clued up at home delivery service or indeed delivering restaurant meals for you to reheat. Why not use a £50 trivial benefit to send something like this to an employee (or indeed yourself if you are an employee) – remember maximum 6 of these benefits per year and it must never exceed £50. A well known restaurant chain is doing a menu where you can get food for 2 (sometimes with house wine) by mail order costing less than £50 including delivery!
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.
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.
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