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christmas party expenses

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    #31
    Originally posted by Cheshire Cat View Post
    So, how does this sound?
    I am the sole director and only employee of the company. My wife is the unsalaried company secretary.

    I hold a party at my house (which is also my "principal place of work" and the company registered address) and I go to threshers and buy a couple of bottles of vintage champers (using the 40% discount that threshers are currently promoting) plus a load of nibbles from sainsburys.

    I invite all the employees (me) and I accept.
    The employee (me) invites a guest (his wife) and we stick on a CD and get sloshed in the front room.
    The total bill comes to £299.
    I submit an expense, and save the threshers/sainsburys receipts.

    Does this sound reasonable?
    Big flaw in your plan is that the Threshers discount doesn't extend to champers...
    Older and ...well, just older!!

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      #32
      Originally posted by diesel View Post
      But you dont actually get £150 paid back to your company just tax relief...saving about £30 (better than nought) or have i started the reclaim vs tax relief debate again
      That's right it's like women’s sale logic, they somehow think they're better off because they have 'saved' money when they've actually spent some.

      The company is still down £300 it just means they won't pay the tax that £300 would have incurred if it had been taken as salary or a dividend.
      Last edited by gingerjedi; 7 December 2008, 11:28.
      Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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        #33
        Originally posted by gingerjedi View Post
        That's right it's like women’s sale logic, they somehow think they're better of because they have 'saved' money when they've actually spent some.
        The number of times the wife and I have argued when she returns from the supermarket with her excellent "buy two get one free" deal on something we didn't really want/need

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          #34
          Originally posted by oafc0000 View Post
          Does a unpaid company secretary count as a employee ? Seems madness to me that a company secretary wouldn't count but thought I would check...

          Cheers
          If they are salaried, then they are an employee. If they have a contract of employment, then they are an employee. If not, then they aren't included.
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            #35
            Originally posted by badger7579 View Post
            Its actually an event per year, not just a Christmas party meaning you could have more than one event per year.

            I believe its one guest per employed person and each can spend up to £150, anything over £150 each and the whole thing becomes a BIK.

            I'm thinking of buying tickets for F1 or touring cars this year.

            One question I have is the £150 including or excluding VAT?
            Anyone know if the £150 includes VAT?

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              #36
              Yes. It includes VAT. And even if you aren't on the flat rate scheme, you can't claim it back.

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                #37
                Originally posted by oafc0000 View Post
                Does a unpaid company secretary count as a employee ? Seems madness to me that a company secretary wouldn't count but thought I would check...

                Cheers
                Why does it seem "madness" to you that someone who is not paid by the company would not count as an employee?

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                  #38
                  Originally posted by Cheshire Cat View Post
                  Is it a travelodge equidistant between London and Norwich?

                  Originally posted by AlanR View Post
                  No, its a Best Western in Gloucester
                  Whoosh!


                  "Keep them at 24,000"
                  "No, feet"

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                    #39
                    Originally posted by BolshieBastard View Post
                    And why would you want to give 2 guests a freebie at your co's expense? Unless they are your kids I dont see the point. Neither do I see the point taking your client's HR \ Recruitment Manager or other pair of nob jockeys!
                    You're not exactly the sociable type though are you...

                    An alternative (fiscal) approach might be that if said 2 guests were paying their way in full you'd effectively gain 20% of their portion of the bill by claiming the expense back.
                    Proud owner of +5 Xeno Geek Points

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                      #40
                      Originally posted by Ravello View Post
                      You're not exactly the sociable type though are you...

                      An alternative (fiscal) approach might be that if said 2 guests were paying their way in full you'd effectively gain 20% of their portion of the bill by claiming the expense back.

                      You mean fraud?
                      Still Invoicing

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