This year, as COVID-19 is preventing the traditional December Christmas Party, many companies are now planning an online event for their employees this year.
The good news is that like a traditional Christmas Party, an online party is also a deductible expense.
And it is also worth noting that the cost of the party (including drinks) is not a taxable Benefit in Kind once the expenses are reasonable and the party is available to all employees.
Date published 08 Dec 2020 | Last updated 08 Dec 2020This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.