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Treat Your Staff This Christmas 

November 28, 2017 Treat Your Staff This Christmas

From Christmas 2016 onwards, employers can give their employees non-cash gift vouchers (eg store vouchers) up to a value of £50 with no tax as it is covered by the trivial gift exemption.

Advantages on using this Benefit:

  • Boost Staff Morale
  • Reduce your Corporation Tax bill
  • Incentives to join the business

Real World Example

An employer provides each of its employees with a bottle of wine costing £25 at Christmas. However, as an alternative, it provides employees who do not drink alcohol with a £25 gift voucher for a national supermarket chain which they can exchange for an alternative non-alcoholic Christmas gift. Both the bottle of wine and the non-cash gift voucher can be covered by the exemption.

At KJG we have a team of tax experts with a  wealth of knowledge.  Should you require tax advice for either yourself or your business please feel free to call us on 0161 832 6221 or e-mail info@kjgllp.com.