For this Tax Implications of Corporate Team building Days

Having worked closely with several clients who are shopping organise events on tight budgets we started looking at the tax implications of running corporate team building and see whether you've got tax benefits or dangers we should do a search for.

It appears that really 2009 / 2010 duty year the tax rules are set to stay the same these following sections of HMRC Assist you with Sheet 207 2009 testify on the Tax Exemptions of team building events.

Source: HS207 2009-2010 Non After tax Payments or Benefits favoring the use of Employees - A Govt Help-sheet available from the HM Revenues & Rating website.

i. Employer-funded or employer-reimbursed training

This exemption is for costs to your employer of related training throughout being full spectrum of practical and / or theoretical skills and competences you want reasonably likely to significance about your current or plain and simple future jobs and tasks using existing employer.

The Income tax Exemption Includes:

• Employee creation schemes






• Activities intended to construct skills you need both in leadership and teamwork






• Training which is provided by a third party rather than your employer

The many ways in which training course and events is as simple delivered are covered to do with full-time and part-time path, internal training courses run by your employer, courses which are influence externally or by a third party, and courses which comprise any combination of these.

ii. Christmas along with other Annual Party

Also exempt exists annual events, parties or functions for any similar nature, such as a Christmas dinner and any summer party, which are open attain staff generally and which cost approximately lb150 a head in total to provide.

.