YouTube video by Ndubuisi 'Andy' Egwim presenting seven tax tips related to Christmas/staff events. The chunk covers item #1: HMRC’s tax-free annual staff event rule allowing up to £150 per head per year (a hard cost-per-head limit that, if exceeded, makes the whole event taxable). The speaker notes sole directors can qualify and gives examples of eligible outings (meals, theatre, spa).
These are seven Christmas tax wins. HMRC quietly hopes you forget. Number one is a £150 Christmas party rule. And as it's the festive season, let's start with that one. Yes, it's real. HMRC allows 150lbs per head per year for an annual staff event. It's completely tax free. And no, it doesn't have to be a Christmas party. There's a trap here. Most people fall into. £150 is not an allowance, it's a hard limit, it's a cost per head. And if it hits 151 pounds, HMR house just taxed the entire thing now, not the extra pounds, the whole thing. So you've got to be careful not to cross that 150. And yes, sole directors of limited companies still qualified. You are the employee of your company via sole director. So yes, you can take yourself out and maybe your partner out for a Christmas meal, theater or event, even spa, as long as the cost stays within the limit. Just correctly, this could be one of the cleanest and simplest tax rates available for you.
