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
Know The Gift Tax Rules. Be wise. If, as the boss, you pop into Waitrose and buy five £25 bottles of rum to give to each of your employees, be sure of the reasons (for tax purposes). If you take them into the office and say “Ladies and Gents – we’re hitting targets so here’s … Continue reading