Tax breaks for festive cheer?

Head of taxation at the global body for professional accountants, ACCA, is urging employers to familiarise themselves with HM Revenue & Customs’ rules that are set out for the Christmas party to qualify for the tax break.

Essentially, employers can spend up to £150 per employee on a Christmas party with no tax implications. In fact this amount can be spent on any two functions during the year. For instance you might spend some on a Christmas party and the rest on a summer ba... (228 more words)

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