BVEP - Business Visits and Events Partnership

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Events Industry Calls for Christmas Party Present for UK Employees

The UK Events Industry is calling on Government to give a special Christmas present to every employee in the country, by supporting an increase in the level of tax exemption on corporate events including Christmas Parties.

The request comes during the run up to the Chancellor's Autumn Statement and a key period for the procurement of Christmas Parties by companies across the UK as they look to reward employees over the festive period. At the moment businesses enjoy a £150 tax exemption on employee benefits, however the UK events industry is calling for this to be doubled, and for the Treasury to benefit from the inevitable boost in Christmas spending that this would create.

"The opportunity here is vast. A simple tax exemption would not only encourage more events and thus motivation and reward for employees, but it would inject investment in event facilities from venues, hotels, unique venues, caterers, bars and restaurants," comments Richard Foulkes, Vice Chairman of the Business Visits & Events Partnership, the umbrella body for the UK Events Industry. "A motivated work force means increased productivity for UK plc."

The Industry has already written to the Chancellor of the Exchequer. It is calling for support from Government and business to review the current status, which hasn't be adjusted since 2003 and to endorse the request ahead of Christmas 2014. Last week, the Government reported a record low in unemployment, another reason to incentivise more employees this Christmas.

"This could be a brilliant Christmas reward for every employee in the country following a strong year for UK business," concludes Foulkes. "It's a win for our industry, a win for Britain's businesses, a win for the Treasury and a win for seasonal employment."

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Notes to Editor:

The Business Visits and Events Partnership is an umbrella organisation representing leading trade and professional organisations and agencies and other significant influencers in the business visits and events sector. The Sector includes meetings and conferences, exhibitions and trade shows, incentive travel, outdoor events, corporate hospitality sporting and cultural and music events and festivals.

The total value of the Sector as measured by direct expenditure is £39.1 bn. A further £7.7bn. is spent by accompanying visitors. In total this is equivalent to 35% of the UK visitor economy. Additionally the Sector is a catalyst for trade, exports and inward investment at business events and exhibitions, and cultural festivals create regeneration, destination investment and promote community cohesion and destination profile. The businesses in the sector export their professionalism, expertise and creativity which are a strong hallmark of Britain's event skills.