Did you know that as a limited company director, you could get yourself and your employees (if you have any) gifts several times a year and have the cost treated as tax-free?
The caveats (yes, there are always some) are that they can’t be:
- cash or cash vouchers
- contractual entitlements
- rewards for performance/effort
- £50 or more
In tax terminology, these gifts are called trivial benefits and can occur many times a year, except for directors when the annual limit is £300. So, go get yourself a bottle of something …on your company.