21st December 2020
Times may be far from normal but the festive period doesn’t have to be all ‘bah Humbug’! HMRC has confirmed a couple of tax concessions for the office.
Virtual Christmas parties
The Christmas party season would normally be in full swing across the country and, this year, brave businesses are hosting all manner of online festivities for staff, including ‘home cook-alongs’ with professional chefs, murder mysteries and cheese tastings.
HMRC have confirmed that they will accept a virtual Christmas party as an event that falls within the tax exemption rules for annual functions.
Under the rules, employers can spend up to £150 per head (including VAT) towards the costs of an annual function such as a seasonal party, without creating a tax liability. The cost of providing food, entertainment, equipment and other expenses which may be incurred in hosting a virtual event, will be exempt.
Tax-free gifts to employees
If you want to give your employees a festive gift, you don’t want it to backfire, with them ending up having to pay tax on it …
To ensure that the benefits (gifts) provided are tax-exempt:
Cyber aware campaign for Christmas shoppers
The festive period is always a busy time for online shopping – and, sadly, cyber criminals. The National Cyber Security Centre (NCSC) has launched its ‘Cyber Aware’ campaign aimed at helping people shop securely online this Christmas.
You might want to share the warnings of this major government advertising campaign with your colleagues, friends and family. They cite six actions to take, to protect accounts and devices from the majority of online crime.
This is even more important this year, when many employees are working remotely and may be using the same systems for business and home shopping!
Visits to our offices are now limited to the delivery and collection of records only.
Our switchboard is open but to safeguard our staff and to comply with Government COVID restrictions we are operating with minimal staff working in the office and the remainder working from home.
Thank you for your understanding. We wish everyone safe and well as we weather these difficult times together.