UK & Scottish tax treatment benefits to Each Person
It’s easy to reward staff for their hard work and save money at the same time. One of the advantages of recognising and rewarding employees and colleagues are the tax benefits you receive for gratifying for the following personal benefits.
The following personal benefits aren’t taxable under the statutory trivial benefits exemption in the UK and Scotland. This means any rewards given for the following reasons aren’t taxable to a company.
- Wedding gift
- Get Well
- Wedding Anniversary
- Cheer up
- Passing driving test
- Gained qualification
- Becoming a parent
- Good deed
- Christmas Gift
- Long service and retirement benefits (The employee must have at least 20 years long service to receive this award tax-free.)
Any of these reasons can be used when sending an ecard through Each Person. Whether you’re simply sending a nice message or adding epoints or a product or gift any of these benefits allow tax benefits for the above reasons saving your company valuable finance.
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