In April 2016 the rules on benefits in kind will change so that low value perks will be tax and NI exempt. How will this apply to perks in the form of personal use of equipment owned by your company?
Published 18.03.2016
Our subscriber asked HMRC if low value benefits given to directors every year were covered by the “trivial benefits” tax exemption. It said that benefits provided regularly may count as contractual
earnings and might not be exempt. Is this correct?
Published 22.02.2023
The new tax and NI exemption for low value employee benefits in kind had to be shelved because of the general election, but it’s now back on the agenda. What type of perks will it apply to and when?
Published 09.09.2015
You want to provide your staff with uniforms in keeping with your firm’s corporate image, but understand they count as a taxable perk unless conditions set by HMRC are met. How can you avoid a tax
charge from arising?
Published 17.03.2017
You’re considering providing free meals to your employees to help them with the rising cost of living. You’ll be able to buy in bulk and so access discounts not normally open to individual employees.
How will HMRC view your plans?
Published 15.05.2023
One of your employees has been with you for 25 years and you want to reward him. HMRC allows some types of long-service gift to be tax free, but the exemption isn’t very generous. Is there a better
option?
Published 20.04.2017
One of your employees is going through a rough time personally and it’s affecting their work. Naturally you want to help them, and not just because it will benefit your business. You’re happy to pay
for counselling, but will this trigger a tax bill?
Published 12.12.2016
Better weather is finally here and you’re considering a cycle-to-work scheme. The trouble is the companies marketing them set a price cap of £1,000 and you have your eye on a bike worth more. Is
there a way to get what you want?
Published 15.05.2018
As a bit of fun and as a goodwill gesture you buy lottery tickets each week for your staff. One of your workers is telling the others that not only is this a taxable perk, but if they win the money
they receive will be taxed. Is she right?
Published 09.06.2017
One of your suppliers has tickets to next year’s Olympics, and has offered a few to you free of charge. Can the directors and employees of your company use these without getting hit with a tax bill?
Published 07.09.2011