Guide to Tax Relief for Festive Gifts and Christmas Parties

‘Tis the season of giving! We’ve put together this handy guide to explain what tax relief you can receive when you gift employees, clients and charities this festive season.

You may want to thank your employees for their hard work, throw a virtual staff party or give a gift to a client.

It’s important to understand what can and cannot be claimed through the expenses of your Limited company, so as not to overspend and potentially avoid all tax relief.

Claiming Christmas Party Expenses Through Your Limited Company

Christmas might still feel half an age away, but many limited company owners will be frantically trying to agree dates and arrangements for their annual Xmas bash.

The company Christmas party is traditionally a time to thank employees for all of their hard work and let loose with food, alcohol and entertainment. And whether you are a one-person limited company or a firm employing 50 people or more, the good news is that you can claim back some party expenses from your annual tax liability.