YES! Did you know this?
Imagine giving a gift that actually gives back to you. I promise, I’m not making this up. Certain gifts and gifting can be considered as tax free benefits by the HMRC so you absolutely can afford to treat your staff and clients to a token of appreciation for their service/custom for the past year.
Here are some useful links to help you put a smile on your face and some £££ in your pockets!
Trivial benefits for staff, the link is here to the Gov.UK site
Gifts to supplier/ customers provided it is considered marketing i.e. business card is sent with the gift or their logo is on the gift, the link is here to one of most well known industry experts. This link also gives the legislation which deals with this and the exceptions are also stated.
Now that you know what you know, there really is no better time to experience the true gift of giving. Get in touch once you’ve decided to take advantage of this benefit for both you and your network. ‘Tis the season!
The information provided above is as a guide only and is correct as at Sept 2019. Before undertaking any accounting/tax decisions, please consult your accountant or tax adviser.