Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Utilise the trivial benefits exemption to provide tax-free Xmas gifts
The Covid-19 pandemic has placed the office Christmas party firmly off the menu this year. Regardless of what restrictions are in place over the Christmas season, many employers will want to take the opportunity to spread some seasonal cheer amongst workers, who may have been furloughed or working f...
Gift cards and the trivial benefits exemption
Gift cards and the trivial benefits exemption The trivial benefits exemption allows employers to ignore benefits in kind that cost £50 or less for tax purposes, as long as the conditions of the exempt...
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