With Christmas now only a month away and HMRC’s recent confirmation regarding virtual parties, it’s a good time to remind ourselves of what employers can provide to staff and directors, tax free.

For obvious reasons, there’s likely to be more of a reason to hold a virtual party for the first time or even spend more than usual. In our experience many employers could spend a bit more without breaching the limits.

With this Thursday 5th likely seeing the start of a 4 week national lockdown in England, businesses may feel they have more fires to put out than on bonfire night!

To help businesses put some of their fires out and survive, we are in the familiar territory of continuing government support for jobs and premises-based businesses. 

... Will Everyone Pray? Willing Entrepreneurial Productivity? 

The Chancellor clearly thought it was time we heard from him again and he needed to act sooner with further initiatives for businesses.

You know how government loves a three letter acronym? These are in abundance within Brexit related matters, peppered with others too!

Unfortunately, this means you’ll need to learn a few new ones ready to trade internationally from next January 2021. Here are just a few of the terms and actions required: