If you own a limited company, contributing to a pension can bring significant tax advantages. Pension contributions can be treated as an allowable business expense and offset against your company’s corporation tax bill.

Christmas is fast approaching, which means one question starts popping up in conversations with clients every year:

"How much can we spend on our Christmas party without creating a tax problem?"

The good news is that HMRC allows businesses to provide annual staff events tax-free, provided a few simple conditions are met.