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
For the year 2017/2018, ie, the period from April 6 2017 to April 5 2018, if your income is £1000 or less from a trade or from letting property, there will be no tax to pay. If your income from either of the above is over £1000 and actual expenses is below £1000 or unknown because you can’t … Continue reading