Annual Party

[Craig at Nixon Williams]

So the article I posted is wholly wrong?

I've just read over the article and it looks like it is incorrect...looks like that page needs updating!

Craig

[northernladuk]

I've just read over the article and it looks like it is incorrect...looks like that page needs updating!

Craig

Bah, never using that piece of crap website again. Wonder if I can sue them based on my loses incurred against incorrect information.

[BolshieBastard]

The OP's comment is not correct and is not clarrified properly by NW's response. You cannot claim for your wife. It is £150 per head of director or employee. If your wife is an employee then she can claim £150 making it £300 in total, if she isn't it is just £150

Contractors' Questions: Can my limited company fund a Christmas party? :: Contractor UK

Er, nope!

Each director is allowed 1 guest and each person attending is entitled to the £150 'limit \ allowance.'

So 1 director can take 1 guest to the 'office party' and the bill upto £150 each ie £300 the pair, can be put as a company expense.

If either person's bill comes to £150.01, it's taxable.

[mudskipper]

Bah, never using that piece of crap website again. Wonder if I can sue them based on my loses incurred against incorrect information.

Never claimed this. Unfortunately the director of myCo has a particularly unsociable partner, so she'd be partying alone. However, I'd always understood it to be £150 for each person attending the party.

[northernladuk]

Never claimed this. Unfortunately the director of myCo has a particularly unsociable partner, so she'd be partying alone. However, I'd always understood it to be £150 for each person attending the party.

You could have an annual spa day event instead?

[crp]

Thanks for the responses everyone.

As I understood it each employee could bring along a guest and each attendee could claim £150. So I could claim up to £300 in total - £150 for my fiancee + £150 for me.

And the fact that there are no additional employees does not seem to matter, which answers my original query.

In hindsight may have done this around Xmas time, but the date of the event aligns with the company's date of incorporation and is something I intend to do annually.

Again, many thanks everyone.

[northernladuk]

Thanks for the responses everyone.

As I understood it each employee could bring along a guest and each attendee could claim £150. So I could claim up to £300 in total - £150 for my fiancee + £150 for me.

And the fact that there are no additional employees does not seem to matter, which answers my original query.

In hindsight may have done this around Xmas time, but the date of the event aligns with the company's date of incorporation and is something I intend to do annually.

Again, many thanks everyone.

You could have a little do at incorporation date and another nearer xmas. Doesn't have to be a single event...

Sorry about the confusion, mislead by that link which has now been confirmed to be incorrect

[TheFaQQer]

Er, nope!

Each director is allowed 1 guest and each person attending is entitled to the £150 'limit \ allowance.'

So 1 director can take 1 guest to the 'office party' and the bill upto £150 each ie £300 the pair, can be put as a company expense.

If either person's bill comes to £150.01, it's taxable.

Where does HMRC specify that you are limited to 1 guest? Apart from the note at the bottom of the HMRC page that Craig linked to, I couldn't see anything about guests, either in EIM21690 or EIM21691.

Looks like a fun read of ITEPA section 264 ahead...

[TheFaQQer]

If either person's bill comes to £150.01, it's taxable.

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?

[administrator]

Sorry, just checked the article and it does look wrong to me. Guest is definitely allowed per employee / director as I do the same. Will correct it now and sack the contributor...