Don’t Let HMRC Spoil Your Christmas Party
You can deduct the cost of your work Christmas Party against tax but there are some rules you have to follow. Sorry to sound like a bit of a scrooge, but if you get it wrong it can work out expensive. You’re allowed to spend £150 (inc vat) per person. The total cost must include things like taxis, accommodation as well as food and drink. But you can include customers and employees guests when working out the average spend. Be warned, if you spend any more than this the Christmas doo becomes a taxable benefit which means you have to…