Annual Party

[BolshieBastard]

Wouldn't is actually be that if the total bill came to £300.01, that would average at over £150 a head, so neither employee / director can claim it?

Yes, of course. If the director and guest (for whatever reason), one has a bill of £150.01 and the other £150.00, then the total is 1p over the threshold.

But you're wrong, they can claim it but tax is due on the whole amount.

I thought that was pretty obvious?

[escapeUK]

Ive got to wonder about the sense of spending £300 to claim £60 back in tax. Must be the same sort of people who spend £50 a month on a mobile contract to save a tenner. Ok if you would have done it anyway (but still peanuts in the scheme of things), but otherwise....

[Master]

Ive got to wonder about the sense of spending £300 to claim £60 back in tax. Must be the same sort of people who spend £50 a month on a mobile contract to save a tenner. Ok if you would have done it anyway (but still peanuts in the scheme of things), but otherwise....

While I agree about the mobile phone anology, this could be different. Most of us eat out once in a while so a two person LTD can easily spend £300 over a year on say 4 or 5 outings. Just hold on to the receipts and claim them as a quarterly event from the LTD..

[northernladuk]

While I agree about the mobile phone anology, this could be different. Most of us eat out once in a while so a two person LTD can easily spend £300 over a year on say 4 or 5 outings. Just hold on to the receipts and claim them as a quarterly event from the LTD..

But it clearly states this has to be an organised event for a particular purpose. 4 or 5 outings is going to attract attention and technically wouldn't be claimable.

[aoxomoxoa]

Mrs A was quite enthusiastic about the idea of an annual meal out courtesy of my Limited Co. I explained that there needs to be a business purpose and maybe I'd prepare a PPT deck on company performance that we could look at before we order. At which point she suggested in that case we'll just stay in and have egg on toast!

[eek]

But it clearly states this has to be an organised event for a particular purpose. 4 or 5 outings is going to attract attention and technically wouldn't be claimable.

To be honest I really can't see organising anything is worth the hassle. Why save £30 a person in tax for a potential world of pain.