Holiday expenses through company

[Weltchy]

Is there a difference between shareholders meetings once a year and the annual shindig ? Also is it £150/person - I was advised it was £150 total.

As hex said.

I've always thought that with my current setup, myself and my other half both being directors & share holders, we could technically have two separate events, the first attended by myself and "a guest", therefore allowing a claim of £300, and then a second event attended by my other half and "a guest", therefore meaning that in total, I'd claim £600 (two employees / two guests)

The question that would need to be raised is, whilst I would definately be considered as an employee of my company, could my other half be considered one too, solely on her being a director? I've had a read through the HMRC rules regarding this, and I think I came to the conclusion it was a no, however, would appreciate other peoples thoughts on this!

[Weltchy]

I had heard that you could set up an incentive scheme, so basically the company reward the highest revenue generator with an annual trip......not sure the validity of this though, as it was just something I heard

Wouldn't this be considered a gift, and therefore come under the £150 annual party rule?

[Crossroads]

The question that would need to be raised is, whilst I would definately be considered as an employee of my company, could my other half be considered one too, solely on her being a director? I've had a read through the HMRC rules regarding this, and I think I came to the conclusion it was a no, however, would appreciate other peoples thoughts on this!

If she doesn't receive a salary she is not an employee and therefore is not eligible.

[ratewhore]

As Mal has said before, you can claim whatever you like. Whether you pay tax on the BIK is, of course, a different matter.

Draw the cash out of the company, pay the tax, go on holiday. Tight git!!!

[NickFitz]

As hex said.

I've always thought that with my current setup, myself and my other half both being directors & share holders, we could technically have two separate events, the first attended by myself and "a guest", therefore allowing a claim of £300, and then a second event attended by my other half and "a guest", therefore meaning that in total, I'd claim £600 (two employees / two guests)

The question that would need to be raised is, whilst I would definately be considered as an employee of my company, could my other half be considered one too, solely on her being a director? I've had a read through the HMRC rules regarding this, and I think I came to the conclusion it was a no, however, would appreciate other peoples thoughts on this!

Seriously, is it worth all the potential hassle over the tax on a few hundred quid?