Employee gifts without the tax!
You can give trivial gifts to your employees without any tax consequences. But what counts as trivial? #gifting #accounting #businesstips Giving the occasional gift to staff is a great way to keep them engaged and motivated. But how much can you give before they become taxed? What is a trivial gift? To be classed as 'trivial', the cost of each gift must not exceed £50 including VAT. If the cost of the gift is higher, the whole valuable is taxable and not just the excess. The