Christmas Cheer from HMRC
Remember that HMRC does have a touch of the Christmas spirit because you can spend £150 tax free per employee, and a spouse or partner, on a Christmas party. The £150 limit can include related expenditure such as accommodation and transport.
The expenditure does have to be in the tax year that it is being claimed for but if you didn’t know about this opportunity then back claims can be made for previous years.
If you aren’t sure how to make a claim or you would like us to check over previous years’ returns then give us a call on 01384 235549.
Remember the tax return deadline is at the end of January 2014!
Lewis Smith & Co. – accountants for West Bromwich businesses.