Christmas Party Christmas Party - Page 2
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Thread: Christmas Party

  1. #11

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    Quote Originally Posted by Alchemy Accountancy View Post
    It is not the case that you can simply take £150 cash out of the company - it is a tax free exemption rather than an allowance therefore you will need evidence of the expenditure in the form of a receipt, and if the cost exceeds £150 per head (including VAT) then the full amount will be a taxable benefit.

    You can take a guest that has nothing to do with the company, therefore you can take your partner and he/she will increase the exemption by another £150 - a total of £300 (inc. VAT) on the event.
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  2. #12

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    My advice is take a guest and avoid expensive restaurants. Find a good gastro pub, then you can order two decent bottles of red and 3 courses and still be within budget.

    Oh that will also include Irish coffees at the end of the night and a decent tip.

    Speaking from experience don’t get too drunk that you can’t remember your company card PIN number.

  3. #13

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    On another similar but slightly different note a number of our digital teams went out last night - mixed in were some contractors.

    Now someone has posted the receipt on slack saying here it is if you want to claim back the cost of the meal (it was £30)

    Is this acceptable to claim as just an evening meal allowance? if so is there a limit.

    (I know I could look at HMRC's site but you guys are the font of all knowledge)

  4. #14

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    Quote Originally Posted by original PM View Post
    On another similar but slightly different note a number of our digital teams went out last night - mixed in were some contractors.

    Now someone has posted the receipt on slack saying here it is if you want to claim back the cost of the meal (it was £30)

    Is this acceptable to claim as just an evening meal allowance? if so is there a limit.

    (I know I could look at HMRC's site but you guys are the font of all knowledge)
    Everything like that I just use the company credit card and put it down as "Entertainment" as it's not subsistence. If it wasn't for work and building business relationships I wouldn't be there. My accountant sorts it all out - it goes on my P11D I believe.
    ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

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