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HMRC internal manual

Employment Income Manual

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

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

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).