Annual company event
Costs of an annual company event, such as a Christmas party, up to £150 (including VAT) for you, and your partner. Annual Parties or alternative functions of a similar nature, such as an annual dinner dance, which are open to all staff, generally, and which cost no more than £150 (including VAT) per head to provide can be deducted as a business expense. Where there is more than one annual function and the total cost per head exceeds £150 (including VAT), only the function that totals £150 (including VAT) or less will be tax deductible. You should not exceed this threshold.