Christmas/company event allowance

[Ruprect]

The allowance is per employee per year. It can be as many events as you like as long as you don't exceed the allowance.

http://www.hmrc.gov.uk/manuals/eimanual/EIM21690.htm

he's right you know.

[r0bly0ns]

I'm guessing you have no knowledge of the tax status of these events though?!

Nope, but it didn't appear on my P11D

[FiveTimes]

Looks like everyone is a winner if it can be spread across the year.. I could take the other half out for a shopping trip, and then I could finish off the year with a nice trip to the races...

[Ivor1]

What about leaving drinks, I'm due to have some end of week and standard practice is for the leaver to run a tab, usually couple of hundred. Could I claim it as expenses as it was a company 'marketing activity' in that people attending could be my future clients ... ? Long sjot but work asking

[TheFaQQer]

What about leaving drinks, I'm due to have some end of week and standard practice is for the leaver to run a tab, usually couple of hundred. Could I claim it as expenses as it was a company 'marketing activity' in that people attending could be my future clients ... ? Long sjot but work asking

You can claim it.

But you'll be taxed as a benefit in kind on it, since it's not a valid business expense.

And you can't use your party allowance, since they aren't employees of your company.

[FiveTimes]

And you can't use your party allowance, since they aren't employees of your company.

Can you take just 1 person ? If you are single employee of Ltd company and you are allowed a guest then you should be able to have a bit of a do with your mate instead of the other half ?

[Jason D]

Nope, but it didn't appear on my P11D

Im pretty sure that this would be under a PSA agreement between your employers and the revenue in which they( the employers) meet the tax liability direct negating the P11d entries.

Introduced for these type of circumstance - looks pretty mean spirited if you are given such perks but then have a BIK. Only applies to minor benefits.

[TheFaQQer]

Can you take just 1 person ? If you are single employee of Ltd company and you are allowed a guest then you should be able to have a bit of a do with your mate instead of the other half ?

Yes - each employee can take one guest (as long as all employees are told that they can take a guest). For example, if you have a big company where the directors can take a partner to a party and the rest of the staff can't, then it can't be paid for by the company without incurring a BIK.

[xoggoth]

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[Jason D]

At risk of being accused of spamming, got a thing today for tax tips from this lot:-

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No ideas what they are like but if I wasn't retired I might subscribe. Includes free book, "Tax avoidance for the company director"

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