|
Are you planning a party for your staff?
Make sure you are clear on the tax
implications. The good news is that,
unlike entertaining customers, employee
entertaining costs are generally allowable
against the profits of the business.
What about the employees themselves? Is
it a perk of their jobs and will they be
subject to tax?
Generally, as long as the total costs
of employee annual functions in a tax year
are less than £150 per head there will be
no tax implications for the employees
themselves. In considering this limit make
sure you have included all the costs,
which may include not only the meal itself
but also any drinks, transport and
accommodation that you provide.
If the costs are above the £150 per
head limit then do get in touch so we can
advise you how best to deal with them.
Internet link:
HMRC guidance
|
