Trivial Benefits
Did you know it’s tax deductible to buy your staff an ice cream in this hot weather. Members of staff can be rewarded with small gifts or perks known as ‘trivial benefits’. The following conditions apply:
- It must cost £50 or less
- It cannot be cash or a voucher
- It cannot be a performance related reward
- It cannot be in the terms of contract
Keep cool with more Tax Tips from us!