Reply to: Christmas/company event allowance

[Jason D]

At risk of being accused of spamming, got a thing today for tax tips from this lot:-

http://www.indicator.co.uk/en/

No ideas what they are like but if I wasn't retired I might subscribe. Includes free book, "Tax avoidance for the company director"

They are spot on. High value, useful and inexpensive. Thoroughly recommended for the small business owner.

You will save the cost on one tip alone.

[xoggoth]

At risk of being accused of spamming, got a thing today for tax tips from this lot:-

http://www.indicator.co.uk/en/

No ideas what they are like but if I wasn't retired I might subscribe. Includes free book, "Tax avoidance for the company director"

[TheFaQQer]

Can you take just 1 person ? If you are single employee of Ltd company and you are allowed a guest then you should be able to have a bit of a do with your mate instead of the other half ?

Yes - each employee can take one guest (as long as all employees are told that they can take a guest). For example, if you have a big company where the directors can take a partner to a party and the rest of the staff can't, then it can't be paid for by the company without incurring a BIK.

[Jason D]

Nope, but it didn't appear on my P11D

Im pretty sure that this would be under a PSA agreement between your employers and the revenue in which they( the employers) meet the tax liability direct negating the P11d entries.

Introduced for these type of circumstance - looks pretty mean spirited if you are given such perks but then have a BIK. Only applies to minor benefits.

[FiveTimes]

And you can't use your party allowance, since they aren't employees of your company.

Can you take just 1 person ? If you are single employee of Ltd company and you are allowed a guest then you should be able to have a bit of a do with your mate instead of the other half ?

[TheFaQQer]

What about leaving drinks, I'm due to have some end of week and standard practice is for the leaver to run a tab, usually couple of hundred. Could I claim it as expenses as it was a company 'marketing activity' in that people attending could be my future clients ... ? Long sjot but work asking

You can claim it.

But you'll be taxed as a benefit in kind on it, since it's not a valid business expense.

And you can't use your party allowance, since they aren't employees of your company.

[Ivor1]

What about leaving drinks, I'm due to have some end of week and standard practice is for the leaver to run a tab, usually couple of hundred. Could I claim it as expenses as it was a company 'marketing activity' in that people attending could be my future clients ... ? Long sjot but work asking

[FiveTimes]

Looks like everyone is a winner if it can be spread across the year.. I could take the other half out for a shopping trip, and then I could finish off the year with a nice trip to the races...

[r0bly0ns]

I'm guessing you have no knowledge of the tax status of these events though?!

Nope, but it didn't appear on my P11D

[Ruprect]

The allowance is per employee per year. It can be as many events as you like as long as you don't exceed the allowance.

http://www.hmrc.gov.uk/manuals/eimanual/EIM21690.htm

he's right you know.

[Hex]

The allowance is per employee per year. It can be as many events as you like as long as you don't exceed the allowance.

[Ruprect]

This definately could be done in the past.

When I was in my first permie role many a year ago, the company always had 2 "do's", a Christmas and a Summer one.

For the summer one they took us to York races, we had to make our own way there but the company paid for Entrance, Meal and Hotel. On one particulary profitable year they also paid for all drinks and gave us 20 quid to bet with!

I'm guessing you have no knowledge of the tax status of these events though?!

[r0bly0ns]

Would it be acceptable to have a company event/party at the horse racing.
The company could pay for the entrance tickets, meal, and hotel that night ?

I'm thinking about using the remainder of the allowance for a day out at Cheltenham '08.

Can anyone see any problems with it ?

This definately could be done in the past.

When I was in my first permie role many a year ago, the company always had 2 "do's", a Christmas and a Summer one.

For the summer one they took us to York races, we had to make our own way there but the company paid for Entrance, Meal and Hotel. On one particulary profitable year they also paid for all drinks and gave us 20 quid to bet with!

[Ruprect]

Would it be acceptable to have a company event/party at the horse racing.
The company could pay for the entrance tickets, meal, and hotel that night ?

I'm thinking about using the remainder of the allowance for a day out at Cheltenham '08.

Can anyone see any problems with it ?

What you describe is fine; but AFAIK it can only be one event per year, so I'm not sure what you mean by "the remainder of the allowance"
EDIT: see post 21 - it can me more than one event

[Ruprect]

So following on.... London recommendations? Last year I went to the Pont de la tour in St Katherines Dock and it was RUBBISH. overpriced wine list and overcooked food.

There are the obvious ones; Ivy, Oxo tower, claridges etc, but some new ones would be good. I went to the Blue Elephant in Fulham a few years back - that was quite nice (and an easy place to drop 100 a head)