Where your company throws a party for its directors and employees, as long as you stick to the rules it’s a tax-free benefit for everyone. But the Taxman can take a tough line on the rules as one
employer discovered recently. What’s the full story?
Published 29.09.2010
Your firm’s Christmas bash is a few days away. It’s cost you £125 per head so far, but you expect this figure to rise. You’re worried the per-head cost will exceed £150 and so the tax and NI
exemption for such events will be lost. How can you prevent this?
Published 11.12.2019
HMRC has introduced benchmark rates for subsistence payments to directors and employees. Is this an opportunity for you to pay tax-free expenses without reporting them to the Taxman, or a sneaky way
for him to collect more tax?
Published 15.05.2009
A new tax exemption for perks took effect on 6 April 2016. It applies to all employees, but there are special rules for directors. What are they, and how can you work with them to take maximum
advantage?
Published 18.04.2016
You’ve heard that HMRC allows employers to make low value, tax-free gifts to staff. However, you want to make a more substantial gift to a director who’s turning 60 at the end of the month. How far
will HMRC’s tax-free limit stretch?
Published 13.10.2014
According to a certain major supermarket chain, “every little helps”. But if the little extra in question is credit card reward points or Air Miles collected on your business purchases, will the
Taxman expect you to cut him in?
Published 04.02.2010
A new tax exemption has been drafted to replace the current concession for certain staff perks, but a late change to the proposed rules has thrown a spanner in the works. When will you be able to
take advantage of the new tax break?
Published 16.04.2015
This year you’ve decided to have separate staff parties for each department in your firm. However your bookkeeper now tells you that multiple Christmas functions create a tax problem. What’s the
trouble and can you work around it?
Published 03.11.2015
We recently heard from a subscriber who has been doing battle with the Taxman over use of company resources. He reckons that the directors should pay tax for using the company’s software at home.
Does he have a point?
Published 05.01.2010