Pro-Taxman

Company benefits

“Just because a gift is provided each year, or is provided to all staff members, does not mean that the employee has a contractual entitlement to it.”

Trivial benefit traps – Contractual obligations The trivial benefits exemption allows employers to provide employees with low cost benefits free of tax and National Insurance and any reporting obligations. For the purposes of the exemption, a benefit is trivial if the cost per head is not more than £50. Where trivial benefits are provided to …

“Just because a gift is provided each year, or is provided to all staff members, does not mean that the employee has a contractual entitlement to it.” Read More »

Do you visit other offices or are you seconded to a different workplace? Make sure you’re getting the tax benefits

Travel expenses and the 24-month rule As a general rule, employees are denied a tax deduction for the cost of travel between home and work. Likewise, subject to a few limited exceptions, if the employer meets the cost of home to work travel, the employee is taxed on it. One of the main exceptions to …

Do you visit other offices or are you seconded to a different workplace? Make sure you’re getting the tax benefits Read More »