{"id":226,"date":"2021-02-15T02:33:26","date_gmt":"2021-02-15T02:33:26","guid":{"rendered":"https:\/\/guide.no-worries.co.uk\/?post_type=ht_kb&#038;p=226"},"modified":"2021-02-15T02:33:26","modified_gmt":"2021-02-15T02:33:26","slug":"trivial-benefits-in-kind","status":"publish","type":"ht_kb","link":"https:\/\/guide.no-worries.co.uk\/index.php\/knowledge-base\/trivial-benefits-in-kind\/","title":{"rendered":"Trivial Benefits in Kind"},"content":{"rendered":"\n<p class=\"has-theme-default-color has-text-color wp-block-paragraph\" style=\"font-size:22px\">Legislation was introduced in 2016 to provide a statutory exemption from tax for qualifying trivial benefits in kind costing \u00a350 or less.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Qualifying conditions<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>No more than \u00a350 per benefit (or average of \u00a350 if the benefit is provided to a group of employees).<\/li><li>Not cash or a cash voucher (but gift vouchers e.g. for a shop, are allowed).<\/li><li>There is no entitlement to the benefit as part of the employee\u2019s contract (including salary sacrifice schemes).<\/li><li>It is not provided in recognition of a work related service or employment duty.<\/li><li>In close companies there is a limit on the total trivial benefits exemption of \u00a3300 per tax year (6 April to 5 April) per director (or office holder). Normal employees don\u2019t have this \u00a3300 limit.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Where a close company director has the \u00a3300 per year limit, any benefits provided to their family or household members are also included within this limit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Examples<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Taking a group of employees out for a meal to celebrate a birthday<\/li><li>Buying each employee a Christmas present<\/li><li>Flowers for your wife<\/li><li>A summer garden party for employees<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tax<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The tax exemption applies to the tax that the employee would suffer due to benefits in kind. The cost of the benefit also remains tax deductible for the company.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>IMPORTANT<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Make sure you do not go over the \u00a350\/benefit or \u00a3300\/tax year limits<\/li><li>There needs to be an actual expense to the company, no cash withdrawals or estimates<\/li><li>When adding these expenses to your expenses page, please use the description \u2013 \u2018Staff costs \u2013 trivial benefit\u2019 so that they can be correctly allocated<\/li><li>Categorise the expense as \u2018Admin \u2013 Staff related costs\u2019<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This is a great opportunity to get an additional \u00a3300 from your company each year, without having to pay any additional personal taxes (Provided you keep within the qualifying conditions).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The easiest way that we can see to do this \u2013 buy a \u00a350 gift voucher for your favourite store (Amazon, John Lewis, Boots etc) directly from the company every 2 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And remember \u2013 enjoy your benefits \ud83d\ude42<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Legislation was introduced in 2016 to provide a statutory exemption from tax for qualifying trivial benefits in kind costing \u00a350 or less. Qualifying conditions No more than \u00a350 per benefit (or average of \u00a350 if the benefit is provided to a group of employees). Not cash or a cash voucher&#8230;<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[18],"ht-kb-tag":[],"class_list":["post-226","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-core-info"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trivial Benefits in Kind | No Worries Help Centre<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trivial Benefits in Kind | No Worries Help Centre\" \/>\n<meta property=\"og:description\" content=\"Legislation was introduced in 2016 to provide a statutory exemption from tax for qualifying trivial benefits in kind costing \u00a350 or less. 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