Trivial Benefits – Changes from April 2016

by Aspiring Training on February 25, 2016 No comments

From 6 April 2016 the law will be changed to make it clear that employees are not taxed if they receive a trivial benefit or trivial benefits from their employer provided each is not worth more than £50. There are restrictions that the trivial benefit must not be cash or a voucher that can be converted into cash. It could be a box of chocolates, a bottle of wine or bunch of flowers.

To prevent family companies from taking advantage of this tax free benefit, the directors of those companies will not be able to receive more than £300 of trivial benefits in one year. This cap will also apply to each of the director’s family members.

Aspiring TrainingTrivial Benefits – Changes from April 2016

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