Unwrapping the £150 Christmas Party Exemption: A Tax Guide for UK Businesses
Many UK businesses know about HMRC’s £150 per person allowance for Christmas parties and other annual events. It sounds simple: spend up to £150 per head, claim a full corporation tax deduction, and employees avoid a Benefit in Kind charge.
But the details behind this rule often catch employers out. A small oversight can turn a tax-free celebration into a taxable benefit with unexpected reporting and NIC costs. Here’s what you need to know to use the exemption correctly.
Navigating Inheritance Tax: Protecting Your Legacy with Confidence
UK inheritance tax rules help individuals and families protect their wealth and plan their estates effectively. With careful planning, it’s possible to reduce the tax payable or pass on more to your beneficiaries. Strategies include lifetime gifts, trusts, and exemptions, helping to preserve your legacy and safeguard your family’s financial future. This guidance supports both individuals and families, encouraging proactive planning and long-term security.
Unlocking Innovation with UK R&D Tax Credits: A Guide for Business Growth
UK R&D tax credits help businesses recover part of their innovation costs, whether developing new products, processes, or technologies. Even unsuccessful projects can qualify. Companies can reduce corporation tax or receive a cash repayment, boosting cash flow. The incentive supports SMEs and larger firms, encouraging continued investment in research and development.
Budget 2025: Essential Takeaways for Individuals and Businesses
The 2025 UK Budget freezes income tax thresholds, raises taxes on savings, property, and dividends, caps pension salary sacrifice, reduces ISA limits, updates inheritance tax, and adds a high-value council tax surcharge from 2028.