This time of year is normally when companies and employees are all out celebrating at the company annual event (generally a Christmas party).

However, in these unprecedented times HMRC are updating their guidance on this to cater for a virtual annual event (see here).  The normal criteria still stand in that this must be open to all employees and that the total amount incurred cannot exceed £150 per employee (plus £150 for a guest). This provision can be used to provide food, entertainment and equipment to host a virtual event. 

Unfortunately sole traders and partnerships are still not eligible to take advantage of this benefit. 


Comments are closed