Christmas allowance - personal tax year or company tax year?

[Paralytic]

Doesn't have to be Christmas.

A Christmas Allowance doesn't have to be for Christmas? I'm contacting my HR and Marketing Department (the wife).

[PhiltheGreek]

I know an annual allowance doesn't have to be used for Christmas, but the thread title was a bit of a clue as to the purpose of the proposal.

[d000hg]

I know an annual allowance doesn't have to be used for Christmas, but the thread title was a bit of a clue as to the purpose of the proposal.

Maybe his company year-end is really near Christmas.

[alloverit]

That's right, I had a Christmas meal and didn't use up to my £150 available so thought about planning another "annual event" to use it. Looks like I'm in to next year already though...

Thanks WordIsBond - answers my problem clearly.

[Craig@Clarity]

Hi all, asking because my current accountant is giving different advice than previous ones. Is it £150 per head in your company tax year or the personal tax year (Apr-Apr)?

Thanks!

Short answer it's tax year April to April not fiscal year (company year end)

[GhostofTarbera]

How would you take this allowance if inside IR35?


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[Lance]

How would you take this allowance if inside IR35?


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From retained profit from a previous engagement.