Seasonal virtual parties
Due to Covid 19 restrictions where normal staff celebrations are not possible, revenue are allowing for the cost of holding virtual parties incurred by employers for their staff as outlined below
A BIK or tax charge will not arise where an employer incurs reasonable costs in hosting a virtual seasonal party for their employees. Reasonable costs include costs typically incurred in hosting a face-to-face event. This includes the cost of delivering or providing food and drink to employees in advance of or during the event.
Vouchers provided to enable employees to purchase food or drink for the event are not included. Such vouchers will be taxable unless they are covered by the small benefit exemption.
The event must be open to all employees.
Any queries on the above give Oliver a call on 091 763817