Use your Corporate Entertainment Tax Allowance
Each and every company has a annual tax allowance for staff entertainment of £150 inc Vat pp. Regardless of the recession, your company is still entitled to this, and if your company is profitable surely it is more efficient to spend this on developing and motivating your team than to simply give it to the tax man?
If you are clever and shop around, you will find that within this budget you can book some truly remarkable Christmas Parties, or you could improve team work, efficiency and morale by booking one of our fantastic team building packages.
If your company is profitable and you are told ‘Christmas is cancelled’ go and see your finance department and ask them why they have chosen to give an extra £150 per employee to the tax man rather than spending it on developing the morale of the workforce?
If you dont believe me, there are lots resources available on this, available on the internet have a look at Square Meal’s take on things by clicking here
Alternatively view accountants Carter, Backer Winter’s take on things by clicking here
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