Welcome to the Weatherer Bailey Bragg Website, we hope you enjoy your visit ...... Meet the Weatherer Bailey Bragg Team ...... We are registered auditors under the Companies Act Click Here for details ...... We offer monthly or quarterly management accounts ...... We have a range of services to help you cope with Corporate Tax Legislation ...... We are specialists in dealing with HM Revenue & Customs Aspect Enquiries, Full Tax Investigations and Special Civil Investigations Office Click Here for details ...... View our cost effective VAT Service ......

Parties for Employees

December 2008

Are you planning a party for your staff? Make sure you are clear on the tax implications.

The good news is that, unlike entertaining customers, employee entertaining costs are generally allowable against the profits of the business.

What about the employees themselves? Is it a perk of their jobs and will they be subject to tax?

Generally, as long as the total costs of employee annual functions in a tax year are less than £150 per head there will be no tax implications for the employees themselves. In considering this limit make sure you have included all the costs, which may include not only the meal itself but also any drinks, transport and accommodation that you provide.

If the costs are above the £150 per head limit then do get in touch so we can advise you how best to deal with them.

Internet link: HMRC guidance