It’s that time of year again! Many businesses are getting ready to thank their teams for a year of hard work with a Christmas party or festive get-together. It’s a lovely tradition - and it can also be tax-efficient, provided you know the rules. Here’s a simple guide to what HMRC allows when it comes to Christmas staff entertaining.   1. The £150 Christmas Party Rule HMRC has a special exemption that can make your staff Christmas party completely tax-free - for both your busi

One of the most significant transformations in tax is Making Tax Digital (MTD) to individual taxpayers , set to begin in April 2026 . ...