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Tax Tip

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Rewarding your employees

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.