Venues required by law to record contact details Recording Contact Details The Governments’ new requirements for businesses mean that premises…
As the festive season approaches, it is worth knowing what you must report to HMRC and ways you can save tax. You have the ability to gift your team benefits-in-kind tax-free. The new simplified gifting rule was introduced in April 2016. Certain tax benefits-in-kind do not need to be reported to HMRC.
For the gift to be tax-free and not have to be reported to HMRC it must not:
So generally, the exception will apply to fund drink and shop gift vouchers, flowers, chocolates etc. These gifts generally apply for birthdays, Christmas and other ‘holidays’.
Did you find this blog useful? Sign up for our newsletter to receive fresh content directly to your inbox once a month.