Tag Archive: Christmas bonus

Three ways to make the most of your tax benefits this Christmas

Posted 2nd December 2019 at 8:34 pm

1. Reward your staff with Trivial Benefits of up to £50 in value Did you know that if you reward staff with Benefits in Kind, you can save tax on these by meeting certain conditions? This means that as an employer you can buy gifts, pay for meals, or give shopping vouchers to your employees as a Trivial Benefit, exempt from tax. To find out more about Trivial Benefits click here.   2. Claim up to £150 per head for your Christmas party Tax rules allow an exemption for an annual staff social event, such as a Christmas party. So... Read more