There are new rules, which can mean no more tax on gifts to employees or directors.

For example, do you want to buy an employee a gift and not pay any tax?

Before the new rules were introduced you may have incurred tax and National Insurance on providing a gift to an employee

However, recent changes to the tax rules known as trivial benefits, could result in you paying no tax or national insurance for the following examples:

• Buying an employee a gift
• Taking a group of employees out for a meal to celebrate a birthday
• Flowers on the birth of a new born baby
• A bottle of wine for an employee for Christmas
• Gift vouchers (but not cash or a cash voucher)

The amount of each gift must be below £50 (including VAT) and there is no annual limit

If you are a director or other office holder then there is an annual limit of £300 (including VAT)

If you wish to discuss the new trivial benefits rules then please do not hesitate to contact us or send an email to kevin@kwaccounting.com or call us on 020 7015 2299