Monday 13 December 2021

Christmas Gifts of up to £50 per Employee is Tax Free

Certain gifts to staff at Christmas are tax free if structured correctly.

Employers are allowed to provide their directors and employees with certain “trivial” benefits in kind tax free.

This exemption applies to small gifts worth no more than £50 to staff at Christmas, on their birthday, or other occasions and includes gifts of food, wine, or store vouchers.

No comments:

Post a Comment