News & Important Dates
Take the sting out of staff benefits
Taking the sting out of the small staff benefits in kind.
Nobody wants to attend a work function/celebratory event and have a tax bill afterwards - it leaves a sour taste! Luckily HMRC has a small exemption called ''Trivial Benefits'' that might help the party go on provided it costs less than £50 (inc VAT) per person.
It can happen on more than one occasion in the year but cannot be the after work drinks every Friday. The odd turkey can turn up for Xmas.
For full details see the attached link and examples:
As however big HMRC's heart is nothing comes without strings attached.