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Christmas is coming

13 December 2006 / Mike Evans
Issue: 4088 / Categories: Comment & Analysis , Income Tax , VAT
MIKE EVANS looks at the cost of Christmas generosity by an employer or a third party.

REMEMBER THE SONG 'Christmas is coming and the goose is getting fat please put a penny in the tax man's hat'? Or do you really need to? How much is the income tax and Class 1 1A or 1B National Insurance cost of the Christmas pressie party or the new year ball that your company might want to give or provide to demonstrate your un-scrooge-like attitude? This article aims to provide some timely reminders on how to keep the cost down.

Christmas gifts

Christmas is a time for giving and some employers do want  to join in and like the reformed Scrooge give presents to employees perhaps to ensure that there is some 'hearty fayre' on the table on Christmas day. In years gone by 'folk lore' tells of the Scottish tax office that insisted on taxing the turkey trotted out at...

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