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 – 16th August 2024
There will be 4 types of National Insurance for 24/25. Remember that you should not be paying NI when you reach pensionable age, with class 4 stopping in the year you reach this age.