Trivial Benefits In Kind Now Exempt
Thursday July 2016
Employees are no longer taxable on trivial benefits in kind, provided the cost to the employer is less than £50. This must not be cash or vouchers or a reward for past or future services but is intended to cover gifts of flowers on a birthday or a turkey at Christmas.
For more information on how this works (yes there are restrictions) please get in touch and we’ll be able to advise you.
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