0151 321 2340

Use our online calculator to get an estimated quote for our services.

Tick the services you are interested in;

Annual Accounts

Management Accounts

Bookkeeping

VAT returns

Payroll services

Independent Accountants Reports

Self Assessment Tax returns

Submit
Close X
Submit
Close X
Submit
Close X

Blog

Trivial Benefits 27th Jun 2016 Business
When you give a bunch of flowers to your employee to say ‘congratulations’ or ‘get well soon’, do you expect them to be taxed on the value of those flowers? No, of course not. HMRC agree that such trivial benefits should not be taxed, but this is an unofficial rule applied by concession only. From 6th April 2016 the law has been changed to make it clear that employees are not taxed if they receive a gift from their employer worth up to £50. There are restrictions – the gift must not be cash or a voucher that can be converted into cash. To prevent family companies from making advantage of this tax-free benefit, the directors of those companies won’t be able to receive more than £300 of trivial benefits in one year. This cap will also apply to each of the director’s family members.

We use cookies to improve the browsing experience for you and others. If you would like to learn more about cookies please view our cookie policy. To accept cookies continue browsing as normal. Continue