Annual events

In the season of joy, where lights brightly gleam, employers can host a festive dream. With the annual events exemption in sight, Christmas parties can shine so bright.

Annual and inclusive, the rules do say, invite all employees to join in the day. Whether it’s a party or a summer delight, the event must be annual, to get it right.

The magic number is one-Fifty per head, including all costs, from food to the spread. If you stay within this festive cap, no extras or taxes will fall in your lap.

Multiple events throughout the year, as long as the total cost stays clear. Combine the parties, summer and yule, and still, you’ll follow the exemption rule.

Boosting morale and spreading cheer, these gatherings bring joy each year. No need to report if you meet the guide, just celebrate with your team by your side.

But if the cost should exceed the cap, the whole amount becomes a taxable trap. So, plan with care, keep the budget tight, and your Christmas party will be just right.

In conclusion, Employers, Rejoice! For the annual events exemption is a wise choice. Celebrate the season with festive delight and keep your finances merry and bright.

If you need any help with the exemption, please contact our helpful UNW elves at employmenttaxesteam@unw.co.uk.