As the festive season approaches, did you know that an annual staff party could qualify as a tax-free benefit for your employees? Certain conditions need to be met, including:
• The total cost per head does not exceed £150 (including VAT, transport and accommodation)
• The combined cost of multiple events does not exceed £150 per head, per year
• The event is held primarily for the purpose of entertaining staff
• The event is generally open to all employees in that location.
For more information on tax-free benefits, please contact us.