Am I missing a party?

[HRG]

Hang on, apparently I can have a company Xmas party as long as the cost doesn't exceed £150 per head. As I'm the sole employee does this mean I can take a few people out for a curry and call it my company Xmas party as long as I have a receipt and it's less than £150?

[jimothy]

Yup, and if your OH is down as your company secretary, its another £150 for them as well!

[HRG]

My step mum is the company secretary and she's away this Xmas. So let me get this straight, I blow £300 on a night out or give it to the tax man instead???

[jimothy]

Essentially yes, though I'm sure Eric will be along to confirm.

AFAIK it should be for employees/directors ONLY - if you splash out on your mates and claim it back it might be a bit illegal.

Also its not £300 that the tax man would get, its £300 you would pay tax on, so really only £150ish out of the tax mans pocket (depending on tax bracket etc)

[Brown and Boris]

You can even have more than one party as long as it does not exceed £150 per head. If it does exceed the £150 the whole of the final expenditure will not be allowable.

I think it only relates to 'employees' so the purely self employed (ie not limited company) can't do it.

We have had ours overseas in the past if we can get a package under £150 ( Ryanair flights and a hotel with dinner). This year we had it whilist on holiday at sea on a cruise ship off the French coast so it was tax free too and in dollars (before the pound crashed). In fact we ate our 4 times in the speciality restaurant on board for under £150.

[Zen.]

You can blow £600 as each employee is allowed a guest.

[ShadownINja]

Can I come, then??

[HRG]

So how do I put it through Sage?

Sorry, no Ninjas, we've had problems with your sort before

[ShadownINja]

Bah. I'm very quiet. You won't even notice I'm there.

[SystemParanoia]

ShadownINja said:

Bah. I'm very quiet. You won't even notice I'm there.

... until its too late!

[ShadownINja]

That's a bizarre pic.