Comprehending HMRC’s taxation for Christmas celebrations

Summer is officially over now and companies are starting to take orders for their Christmas party Preston, so when figuring out where to go and how much to spend, it’s vital that you take into account the tax exemption offered by Her Majesty’s Revenue and Customs (HMRC).

Companies who put on a yearly Christmas party Lancashire for all their workforce can get a £150 per head fund towards it, meaning the cost of the big event is not liable to tax or National Insurance payments.

There are numerous points that need to be considered with this entitlement. It’s not an allocation – an employer can’t put on a more expensive event and make use of the £150 entitlement to offset this. The event should also be open to all employees at a location, so a function just for senior staff would not receive this entitlement.

All costs must be taken into consideration; including venue hire, transportation and food and drink, and is then split by the variety of employees attending. If it comes to more than £150 per person, there’s no tax reduction.

There are many options available for employers looking for the perfect venue for their Christmas do, and if you’re thinking about hotels Preston, the Barton Grange Hotel might be your perfect location. Located just north of Preston in the enchanting village of Barton, the hotel has fantastic transport links as it’s just a few minutes from both the M6 and M55, so all employees at your company can simply get to and from the party.

If you feel like making it that little bit more special, why not stay over later? The Barton Grange Hotel provide double or twin rooms for just £55 per night so you can enjoy a relaxing night’s sleep after your event and awaken refreshed for the next day!