Generally, gifts you make to your employees are taxable as benefits in kind unless they are covered by a specific exemption. However, are they taxable if the gift is being made for private reasons?
Published 18.02.2022
Your firm’s Christmas bash is a few days away. It’s cost you £125 per head so far, but you expect this figure to rise. You’re worried the per-head cost will exceed £150 and so the tax and NI
exemption for such events will be lost. How can you prevent this?
Published 11.12.2019
The Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid
falling foul of these?
Published 30.04.2019
The cost of seasonal gifts for your business can soon add up. However, tax reliefs can reduce this considerably. When is your business entitled to claim a tax deduction for the gifts?
Published 22.12.2021
HMRC has updated its guidance about the tax and NI treatment of benefits and expenses provided to employees during the pandemic. As an employer, what do you need to know?
Published 26.01.2021
One of your company’s directors is moving on to pastures new. She’s been a valuable asset to the business and you want to say “thanks”. How can you make a goodwill payment to her in a way that won’t
trouble the Taxman?
Published 18.05.2012
HMRC applies tough rules to prevent tax relief for entertainment costs. The good news is that there’s an exception for staff entertaining, but as the owner of the business does it extend to you?
Published 04.09.2019
One of our subscribers gave his company £15,000 cash to help it buy new equipment. The local tax inspector argued that it should have been declared as a taxable transaction on the company’s
corporation tax return. Is he correct?
Published 24.11.2016
Instead of paying out membership fees and having the hassle of travelling to a gym each time he feels like working out, our subscriber wants his company to cover the cost of a gym at his home. How
tax efficient would this be?
Published 30.10.2019
One of our subscribers wanted to know what the tax position was if she or one of her employees receives a staff discount for goods or services provided by her company. Should anything be declared to
HMRC?
Published 07.01.2021