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 – 27th March 2025
Remember from 6th April the minimum wage for over 21 year old employees raises to £12.21 per hour, aged 18-20 £10.00 with 16-17 year olds and apprentice rates increasing to £7.55 per hour.