Business Visits & Events Partnership (BVEP), emboldened by what it detects as a “new emphasis” coming from Secretary
of State, Sajid Jarvid, and tourism minister Helen Grant, has redoubled its
campaign for government to increase the tax exemption for annual corporate
functions and events, or the ‘Christmas Party Exemption’.
a letter on behalf of the Partnership, BVEP chairman Michael Hirst (pictured) has
laid out ‘A Budget Proposal to Incentivise Britain’s Workforce and Help
Britain’s Events and Hospitality Industries.’ The proposal requested that the
department reconsider an exemption that applies to annual functions and parties
provided by employers to their employees.
Treasury did not include the proposal in its autumn budget and the often-named
‘Christmas Party Exemption’ was last reviewed in 2003 when the charge was
raised by £75 to £150. Now, the BVEP is asking for this to be raised to £300, “the
increase providing a stimulus for the growth of the events and hospitality
industries, while providing motivational benefits to companies that take
advantage of the exemption”.
the letter, Hirst stressed that “this small change would allow and encourage
employers to provide greater incentive and motivation to employees and as a
result stimulate much needed productivity in the economy”.
Christmas Party exemption was also included in the ‘Events Can Win for Britain’
manifesto, which is currently being distributed to government departments ahead
of the general election.
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