The HM Revenue & Customs trivial benefits allowance allows employers to gift employees up to £50 gift voucher/gift card tax free. This makes gift vouchers an attractive way to say thank you rather than cash paid via an employee’s salary. For gift cards to qualify as tax exempt, the gift voucher must not be more…
Tag Archives: trivial benefits
Trivial benefits are staff benefits in kind which can be provided without incurring tax. From April 2016 legislation was introduced to allow employers to provide tax-exempt gifts and entertainment. However, for benefits to qualify as a trivial benefit the following conditions must be met: – The cost of providing the benefit must not exceed £50…
