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You can make use of £50 vouchers as tax-free trivial benefits, a scheme that allows employers (including directors of limited companies) to provide non-cash gifts to staff without incurring tax or National Insurance liabilities, provided the following conditions are met: Employees can be given an unlimited amount of vouchers per financial year (obviously within reason) … Continue reading
Trivial benefits are some of the best perks of any business for both employers and employees, but note the condition below. Conditions: Cost must not exceed £50 including VAT. Must not be cash or cash vouchers. Employee must not be entitled to the benefit. Must not be given as a reward for work or performance … Continue reading
Phoenix Debola 