As a director you can claim up to £300 per tax year in non-cash trivial benefits. This £300 is tax deductible per director.
This includes store gift cards, hampers, wine or flowers.
Your company must have 5 or fewer shareholders to qualify, and the transactions must be no more than £50 each.
Example: 6 x £50 transactions in a tax year.
If a member of your family’s also an employee, they can have their own £300 exempt amount in non-cash trivial benefits. These also cannot be paid in cash.
For further advice and support, reach out to your local TC Group office: Milton Keynes or Northampton
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