{"id":756,"date":"2020-12-02T00:00:00","date_gmt":"2020-12-02T00:00:00","guid":{"rendered":"http:\/\/duffyregan.co.uk\/index.php\/2020\/12\/02\/trivial-benefits-are-not-so-trivial\/"},"modified":"2020-12-02T00:00:00","modified_gmt":"2020-12-02T00:00:00","slug":"trivial-benefits-are-not-so-trivial","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2020\/12\/02\/trivial-benefits-are-not-so-trivial\/","title":{"rendered":"Trivial benefits are not so trivial"},"content":{"rendered":"<p>A reminder that It is possible to make small tax-free payments to employees, including directors, and this might be an appropriate time to make a small tax-free bonus in advance of the annual Christmas, New Year holidays.<\/p>\n<p>Employers and employees don&rsquo;t have to pay tax on small benefits provided they comply with the following rules:<\/p>\n<ul>\n<li>it cost you &pound;50 or less to provide,<\/li>\n<li>it isn&rsquo;t cash or a cash voucher,<\/li>\n<li>it isn&rsquo;t a reward for work or performance related activity<\/li>\n<li>it isn&rsquo;t in the terms of an employees&rsquo; contract.<\/li>\n<\/ul>\n<p>HMRC describes these payments as a &lsquo;trivial benefit&rsquo;. Based on the national mood following months of COVID disruption, these so-called trivial benefits now seem a possible means to spread a little good cheer.<\/p>\n<p><strong>A word of caution<\/strong><\/p>\n<p>Where the employer is a close company, and the benefit is provided to an individual who is a director or other office holder of the company (or a member of their family or household) the exemption is capped at a total cost of &pound;300 in the tax year.<\/p>\n<p>Secondly, if you provide a benefit to a group of employees and it is impractical to work out the exact cost per head, then it is acceptable to average the cost per employee.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>A reminder that It is possible to make small tax-free payments to employees, including directors, and this might be an appropriate time to make a small tax-free bonus in advance of the annual Christmas, New Year holidays. Employers and employees don&rsquo;t have to pay tax on small benefits provided they comply with the following rules: [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-756","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=756"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/756\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=756"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}