Contractors’ Questions: Is the Christmas party exemption £150 or £75?

The Statutory Instrument was issued in 2003 and hasn’t yet been incorporated into the legislation online. It is fairly safe to say that it never will be, until and unless some consolidating legislation is enacted.

This highlights the fact that legislation on the gov.uk website may be out of date. Some of the legislation will have seen a whole series of changes that have not been updated. This can make it difficult and tiresome to work out what the current legislation actually says, but it is important to work through the changes. Or just ask an adviser on the legislation in question.

As to the fun part of the £150 annual party exemption, such as spending it during this season of goodwill, there’s a comprehensive explanation in this ContractorUK piece. Enjoy!

The expert was Graham Jenner, director at contractor accountancy firm Jenner Accountants & Co.

Friday 1st Dec 2017