Small business and tax blog

With the Christmas season fast approaching, we would like to remind all employers about the possibilities for entertaining the company employees (which includes directors), while getting full tax relief. This means that you can deduct the cost from your taxable profits, NOT that the tax man reimburses you in full!

Basically, providing you do not spend more than £150 (including VAT) per person attending (which can include partners), you get tax relief on the full amount. The only rule is that the event must be available to all employees at that particular company location.

We would also like to take this opportunity to wish all our clients a pleasant and relaxing Christmas, and a prosperous 2008.