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HMRC internal manual

Employment Income Manual

Employer-financed retirement benefits schemes: excluded benefits: annual parties and similar functions

Section 393B(3)(d) Income Tax (Earnings and Pensions) Act 2003

Employer-Financed Retirement Benefits (Excluded Benefits for Tax Purposes) Regulations 2007 S.I. 2007 No.3537

The provision of benefits relating to annual parties which have the character of relevant benefits can be excluded benefits in certain circumstances.

The provision of an annual party or similar annual function is an excluded benefit if there would have been no income tax charge by virtue of s.264 ITEPA if it had been provided in the course of the former employee’s employment (see EIM21690).