 Photo by Rodion Kutsaev on Unsplash | Normally I have clients looking forward to using their Christmas party allowance (not sole traders or partners) however this year might still be a bit different but I’ve come up with a plan to help if you don’t want to paint the town red! |
Your annual £150 allowance including VAT for you and a guest is continues to be available. If you’re still a bit nervous about going out consider things like having a restaurant box delivered provided you can meet the criteria for a staff Christmas party (easy if it’s a one employee company!). HMRC have even updated their criteria for online and virtual parties: https://www.gov.uk/expenses-benefits-social-functions-parties/whats-exempt
Don’t forget your trivial benefits - you or your employees may have a gift upto £50 for Christmas. Don’t go over the allowance! You can’t get the VAT back on the gift. Maximum 6 per annum as before. More information is available here: https://www.gov.uk/expenses-and-benefits-trivial-benefits
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