Christmas is around the corner and parties are being booked. As a business with employees (directors and potentially employees) you will be able to claim the Christmas party as a business expense as long as it is no more than £150 per head.
In fact, you can use the £150 per head exemption over more than 1 function in a tax year as long as the total is no more than £150 per head.
So you could spend £100 per head on a company Christmas party and then £50 per head on a summer BBQ.
HMRC’s criteria is that the function is available to all employees (at one location).
The exemption means that you can offset the expense against corporation tax and there is no benefit in kind tax for the employee.