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A staff benefit is deemed to be a 'trivial benefit' when:
- it costs £50 or less to provide
- it isn't cash or a cash voucher
- it isn't a reward for an employee's work or performance
- it isn't included in the terms of an employee's contract
You're not required to pay tax on, or notify HMRC about trivial benefits.
A staff benefit is deemed to be a 'trivial benefit' when:
- it costs £50 or less to provide
- it isn’t cash or a cash voucher
- it isn’t a reward for an employee's work or performance
- it isn’t included in the terms of an employee's contract
You're not required to pay tax on, or notify HMRC about trivial benefits.
Small business accountants
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Limited Company Expenses Guide
Our limited company expenses guide talks through all the different expense categories you can claim for along with key examples and how this can impact your corporation tax.
Small business accountants
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