HMRC provides added incentives to limited companies putting on a Christmas party or an annual event for employees.
The events will be exempt from tax and National Insurance, but there are some strict rules, including the following:
You can also claim an additional £150 per person for a plus one for each employee, providing they are a family member or partner.
Somethings to note are:
If you want to learn more about allowable business expenses, please get in touch.