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UK SMEs cut Christmas party budgets by 10% amid financial pressures, unaware of tax benefits.
UK small and medium-sized businesses are cutting Christmas party spending by 10% due to financial pressures like the new Labour government budget, rising costs, and higher taxes.
Despite the cuts, the average SME will still spend £1,353 on celebrations, shifting from lavish events to simpler meals or drinks.
Business owners are largely unaware they can claim back £150 per employee in tax for these events.
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Las PYME del Reino Unido redujeron los presupuestos de las fiestas navideñas en un 10 % en medio de presiones financieras, sin tener en cuenta los beneficios fiscales.