Budget 2003: Minor Changes to Employee Benefits; Increased Allowance for Staff Parties

• Author:
• BDO Stoy Hayward

The Chancellor has introduced some changes to minor benefits that could reduce employment costs or allow employers to be a little more generous towards their employees.

The most popular will be the increase of the annual employee party exemption from £75 to £150 per head. For those employers who run events that already cost in excess of £75 per head this will lead to a reduction in the tax charges that are normally picked up on behalf of employees. It should also provide a welcome boost f... (234 more words)

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