Christmas tax relief
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.
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.
Autumn Budget 2018. Some main points from yesterdays budget ; The personal tax allowance is rising to £12,500 from April... read more
Furlough scheme – from 1st July staff can be furloughed part time on a daily basis instead of the... read more
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From April 2018 your main tax allowance is increasing to £11,850, you can then earn another £34,500 at the... read more
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If you use your private residence for business use, HMRC allows us to claim a nominal annual figure to... read more
Self assessment penalties explained. If you file your self assessment tax return after 31st January you will receive a £100... read more
Christmas party tax allowance. HMRC allows up to £150 per employee to be fully tax deductible for a Christmas... read more