{"id":995,"date":"2019-06-05T00:00:00","date_gmt":"2019-06-05T00:00:00","guid":{"rendered":"https:\/\/slacc.co.uk\/index.php\/tax-free-perk-before-annual-leave\/"},"modified":"2019-06-05T00:00:00","modified_gmt":"2019-06-05T00:00:00","slug":"tax-free-perk-before-annual-leave","status":"publish","type":"post","link":"https:\/\/slacc.co.uk\/index.php\/tax-free-perk-before-annual-leave\/","title":{"rendered":"Tax free perk before annual leave"},"content":{"rendered":"<p>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 holidays.<\/p>\n<p>Employers and employees don&rsquo;t have to pay tax on such a benefit if all of the following apply:<\/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 their work or performance,<\/li>\n<li>it isn&rsquo;t in the terms of their contract.<\/li>\n<\/ul>\n<p>HMRC describes these payments as a &lsquo;trivial benefit&rsquo;.<\/p>\n<p>You can&rsquo;t receive trivial benefits worth more than &pound;300 in a tax year if you are the director of a &lsquo;close&rsquo; company. A close company is a limited company that&rsquo;s run by 5 or fewer shareholders.<\/p>\n<p><strong>Planning note<\/strong><\/p>\n<p>The only exception to the above is if the trivial benefits are made available as part of a formal salary sacrifice arrangement.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>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 holidays. Employers and employees don&rsquo;t have to pay tax on such a benefit if all of the following apply: it cost you &pound;50 or less [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-995","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=995"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/995\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}