 Employees of Limited company including directors and company secretary can spend on special dinners, Christmas functions or other functions upto £150 per head each year.
Why not use this benefit? This is a statutory benefit and no tax payable on this benefit.
For Example if you and your wife are employed by the company then your company can pay each of you upto £150 each for a special funtion or dinner. Even better if you employ your kids they can take benefit of this allowance as well.
Start planning now where you can go with this tax free allowance and possibly you will find loads of decent places to enjoy. |
