Company Xmas Party - Ltd co sole employee / director

[Craig at Nixon Williams]

Every year I mean to take advantage of this and take the wife to a nice restaurant as our "Xmas party", every year I can't be bothered to claim it back.

Maybe I should pay the bill on the company card in the first place?

If it was me I'd get it claimed but would 'forget' to tell her that it's on the company!!

[Martin at NixonWilliams]

If it was me I'd get it claimed but would 'forget' to tell her that it's on the company!!

He would actually do this!

[Craig at Nixon Williams]

He would actually do this!

It's a good job she doesn't come on CUK isn't it...

[northernladuk]

If it was me I'd get it claimed but would 'forget' to tell her that it's on the company!!

And there was me thinking you were a fine upstanding accountant and a pillar of the community!!

Wish my accountant gave me advice like this!

[malvolio]

Every year I mean to take advantage of this and take the wife to a nice restaurant as our "Xmas party", every year I can't be bothered to claim it back.

Maybe I should pay the bill on the company card in the first place?

Maybe you should. It has to be company expenditure, not expenses.

[mudskipper]

Maybe you should. It has to be company expenditure, not expenses.

Ah, good point. Already paid the hotel on my card.

[Sausage Surprise]

2 seats in the corporates for one of the christmas fixtures usually does for me.

[TheCyclingProgrammer]

Maybe you should. It has to be company expenditure, not expenses.

If you can get the supplier to accept that it's a business transaction and invoice YourCo then the payment card shouldn't technically matter as its then just treated as the employee paying something on the company's behalf and you can be reimbursed without any tax/NI/P11d implications but...

...yes, try and keep company expenditure on company cards wherever possible. It's just good common sense.

[GazCol]

2 seats in the corporates for one of the christmas fixtures usually does for me.

I didn't know corporate hospitality was an allowable expense, christmas party, or otherwise.

[Greg@CapitalCity]

I didn't know corporate hospitality was an allowable expense, christmas party, or otherwise.

The Xmas party is like an 'anything goes' rule - just don't exceed the thresholds discussed in this thread, and the entire amount remains tax deductible for the company with no P11D costs on the employees.