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.