Companies unaware of Christmas party tax relief

Best Parties Ever has revealed research showing that 68% of companies are unaware that they can get tax relief on Christmas parties.

A Christmas party in full swing
A Christmas party in full swing

With June to September being a popular time for companies to start booking their Christmas event, the agency said that education is needed.

Tim Stevens, managing director of Best Parties Ever, said: "Our survey shows that companies still need to be educated on this issue. An office Christmas party is one of the most tax efficient ways of rewarding staff, with £150 tax allowance per head and no national insurance contributions. So there really is no reason for companies to be a Scrooge this year."

The Chartered Institute of Personnel and Development’s (CIPD) annual Reward Management Survey (2013) shows that a Christmas lunch or party is one of the most common benefits provided to employees; and nearly half of companies surveyed by Best Parties Ever said it was extremely important for them to hold an office Christmas party, citing boosting staff morale, bringing the whole company together and rewarding staff for their hard work as the three main reasons. 

"The last few years have proved challenging for everyone in the wake of the recession and budgets being slashed, but there is a quiet confidence returning and a sense of optimism with companies seemingly more open to the idea of a party than previously," added Stevens. "Enquiries as a result are surprisingly robust and the company has received its best level of spring enquiries for many years, with provisional bookings up 22% on this time last year."

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