There is a tax-free allowance for the provision of an annual party or other event for the benefit of staff and their partners. The present limit to tax relief is £150 per head. If this amount is exceeded, the full cost of the benefit is…
Category: Benefits
Claiming Child Benefits for New-Borns
General Register Offices are currently operating with reduced capacity and with government guidance to social distance and stay at home, new parents are advised not to visit them. They can however still claim Child Benefit without having to register their child’s birth first to ensure…
Enjoy a tax-free Christmas bash
Follow the outline below to ensure that the cost of your annual staff party will not create tax issues for you or your staff. The event must be open to all employees at a specific location. The event must be open to all employees…
Are you making the most of “Trivial Benefits”?
Earlier this year we highlighted the tax concession afforded by the so-called Trivial Benefit rules. We said: It is possible to make small tax-free payments to employees, including directors… Employers and employees don’t have to pay tax on such a benefit if all of…