Trivial Benefits – Tax Tip

Did you know, each Director can claim up to £300 of tax free expenditure each year?

Yes, you can buy gift cards or purchase items under £50, 6 times each financial year.

Key conditions to meet the eligibility are :

  • Each item must be £50 or less
  • The item must not be cash or convertible for cash
  • The purchase is not a reward for business performance
  • It isn’t in the terms of your contract

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