HMRC allows a company to claim £150 per employee in tax relief for a christmas party or meal. As this is unlikely this year HMRC also allows a £50 gift for tax purposes per employee. Gifts to clients do not obtain tax relief.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 25th March 2024
From 6th April 2024 the National Minimum Wage for Employees 23 years and over will rise from £10.42 to £11.44. Please note this is the Employers legal responsibility to check their employees are earning at least this amount and inform the office to amend the payroll if required.