Christmas Parties: Tax Issues
Christmas Parties: Tax Issues
It’s that time of year again for seasonal parties – but don’t let the taxman spoil them
The value of getting together with colleagues, clients and other business contacts when circumstances allow, is not to be underestimated.Some businesses have increased their business and staff entertaining spend reflecting the need to re-engage with people on a more personal level and to help mitigate staff turnover. And indeed there is renewed enthusiasm, from even the seasoned organiser, for making sure that in doing so, their employer is shown at its best and there are no hiccups.
Are Christmas parties tax deductible?
Planning a good event is a real talent but there is also opportunity to make them even better through ensuring that the tax angles are not forgotten. That might sound dull by comparison with the venue, food and entertainment but it’s an essential ingredient for success both in terms of stretching the budget that bit further and ensuring that the unexpected pitfalls of some complicated tax rules are avoided.Download our guide to make sure you have a successful event!
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