Reply to: Is YourCo Ltd having a Christmas Do?

[ratewhore]

Apologies I stand, well sit, corrected. I spoke to my accountant (SJD) who said I could... Have to say that I didn't read up on it to check. Ah well, at worst I'll have to give Hector back roughly £100, shame but the meal was worth it anyway

Sounds about right for SJD...

[Ruprect]

To cheer you up again Dante you can (sorry Chef). I took Mrs Ravello to the Waterside Inn last year, total bill was c. £400. As Chef says, you can't claim the entire bill, but you can claim up to the £300 and pay the extra yourself.

Again, I would check this with an accountant. I did this, went over the threshold and I couldn't claim (my accountant said so), even when I suggested the "topping up" myself. It was Nixon Williams.

[Ruprect]

What if FerretCo was to make a lovely donation of a xmas hamper containing all the tasty treats mentioned above?

That would then be treated as a BIK and then taxable no?

IANAA

[norrahe]

Apologies I stand, well sit, corrected. I spoke to my accountant (SJD) who said I could... Have to say that I didn't read up on it to check. Ah well, at worst I'll have to give Hector back roughly £100, shame but the meal was worth it anyway

I have found that the "tax manual" (that's what my accountant calls it) that accountants refer to does not seem to be very informative in comparison with the hmrc website.

I was looking at doing an mba, got told that i could claim it through the company. I ended up sending him the link from the hmrc regarding mbas being a no no.

[Ravello]

you might want to check with your accountant or read the HMRC website, the only reason im pointing it out isnt bah humbug reasons, i wanted to do this last year and was told by my accountant that it's not possible

"Exemption not allowance

The figure of £150 is not an allowance. For functions that are outside the scope of the exemption (see example at EIM21691) directors and employees, except those in an excluded employment, are chargeable on the full cost per head, not just the excess over £150, in respect of:

* themselves and
* any members of their family and household who attend as guests."
from HMRC website (link on 1st page)

Apologies I stand, well sit, corrected. I spoke to my accountant (SJD) who said I could... Have to say that I didn't read up on it to check. Ah well, at worst I'll have to give Hector back roughly £100, shame but the meal was worth it anyway

[chef]

To cheer you up again Dante you can (sorry Chef). I took Mrs Ravello to the Waterside Inn last year, total bill was c. £400. As Chef says, you can't claim the entire bill, but you can claim up to the £300 and pay the extra yourself.

you might want to check with your accountant or read the HMRC website, the only reason im pointing it out isnt bah humbug reasons, i wanted to do this last year and was told by my accountant that it's not possible

"Exemption not allowance

The figure of £150 is not an allowance. For functions that are outside the scope of the exemption (see example at EIM21691) directors and employees, except those in an excluded employment, are chargeable on the full cost per head, not just the excess over £150, in respect of:

* themselves and
* any members of their family and household who attend as guests."
from HMRC website (link on 1st page)

[BrilloPad]

I hope clientco does a kids party. The one last year was great.....

[Ravello]

you'll be stuffed by the end of it!

The sound of the sea is pretty cool.

For a different experience you might want to try the waterside inn, just down the road, the food is astounding, its another world compared with hestons caff.

WHS.

The Fat Duck has good novelty value and is definitely an experience, but The Waterside Inn is a class above IMO.

[Ravello]

sorry to be a dampner, but u can't do this for an xmas party on HMRC

tasting menu £125 per head
accompanying wine is either £60 or £95
(+12.5% service charge)

HMRC xmas party rules say £150 per head and no more.. boooo

To cheer you up again Dante you can (sorry Chef). I took Mrs Ravello to the Waterside Inn last year, total bill was c. £400. As Chef says, you can't claim the entire bill, but you can claim up to the £300 and pay the extra yourself.

[ferret]

Mr Ferret have you run this past your accountant? Methinks you would have a tough job selling this to hector!!!

He told me that with Hector you are guilty until proven innocent. I have taken date stamped photos of us enjoying our Xmas party on the date specified and have taken photos of all the remains being thrown away the day after. I have proved the party was held when stated and that nothing was used apart from the times stated. Accountant laughed at this - I took that as a good sign that my innocence would be proven

It is not loads of money so if they pick up on it then I am not that worried.

[ratewhore]

I'll probably just buy a case of champagne...

[Pondlife]

Mr Ferret have you run this past your accountant? Methinks you would have a tough job selling this to hector!!!

What if FerretCo was to make a lovely donation of a xmas hamper containing all the tasty treats mentioned above?

[norrahe]

I think it's a bargain - £125.

I'm a real foodie and I just know i'll enjoy it more than 2 x normal restaurant meals.

It's like Mecca.

you'll be stuffed by the end of it!

The sound of the sea is pretty cool.

For a different experience you might want to try the waterside inn, just down the road, the food is astounding, its another world compared with hestons caff.

[Ruprect]

Me and Mrs Ferret are employed by the company (she does the admin work) so we will do the usual and buy a load of party food and have our party on the day before Xmas. We like to have turkey, potatoes, stuffing, vege's, Xmas puddings, a bottle or wine each, a bottle of port, cheese and biscuits etc on the day before Xmas eve and we eat it all at the party. Honest guv. We even have the photos to prove it should it ever be questioned.

So we go shopping at M&S the day before Xmas eve and get a lot of food for our party. Some of it is left over and we eat it over Xmas but don't tell Hector as I think this may be against the rules.

Mr Ferret have you run this past your accountant? Methinks you would have a tough job selling this to hector!!!

[Dante]

I think it's a bargain - £125.

I'm a real foodie and I just know i'll enjoy it more than 2 x normal restaurant meals.

It's like Mecca.