Advent Day 17 – Trivial Benefits

Trivial benefits- £50 gifts

Employers can also provide 6 x £50 vouchers themselves (and unlimited to staff but to avoid investigation may be best sticking to 6) throughout the year tax free as gifts, so long as they aren’t given in lieu of payment or work.

Digivolve’s Top Tip ‘What I do personally on this is reward myself at the end of each quarter with a £50 gift for submitting our VAT returns, then one on my birthday and one at Christmas

#Taxtips #taxreturn #accountant