Sole director is planning to hold his Christmas annual party with 3 other members of his family (also shareholders). The cost will be under £150 per person.
Provided this is an annual event I understand a staff party for the sole director would be allowable for tax but here would a BIK arise? I can't find whether there is a limit on number of guests per staff.
Could it be argued that it is not W+E for the business and disallowed for tax?