Are you having a Christmas Party this year, don’t forget to claim the expense, what are the rules:

• You can spend £150 per employee for your annual Christmas party
• As long as you don’t exceed £150 you can claim the full amount as an expense
• You can also invite partners to your party, but still only £150 per employee
• You can also claim the VAT element too
• Don’t forget you must invite all employees
• If it’s only you in the company, you can have your own party

Also are you buying corporate presents this year? Here are some more rules from HMRC:

• It must not exceed £50, including gift wrapping
• It cannot be food, alcohol, tobacco or cash equivalents
• It must advertise the company
• Diaries, umbrellas, pens etc are all allowable corporate gifts.