Treat your employees with tax-free champagnes this holiday season ! As long as it doesn’t exceed the trivial benefit threshold and certain conditions are met, your other presents could also be tax-free !
THE RULES
- The cost of providing the benefit should not exceed £50 per employee
- The benefit is not a cash or cash voucher
- The benefit is not a contractual benefit or part of salary sacrifice scheme
- The benefit should not be in recognition of an employment duty
- Director of family companies can enjoy up to £300 of benefits and there is no limit for employees
EXAMPLES OF TRIVIAL BENEFITS
- A meal out to celebrate a birthday
- A turkey at Christmas
- A bottle of wine
- Coffee and tea provided at work
- Supermarket gift voucher
This is a tax-efficient way to treat yourself and your employees this Christmas !