{"id":397,"date":"2016-12-15T10:37:14","date_gmt":"2016-12-15T10:37:14","guid":{"rendered":"https:\/\/smithnewmans.wordpress.com\/?p=200"},"modified":"2017-12-13T17:29:41","modified_gmt":"2017-12-13T17:29:41","slug":"the-christmas-gift-from-hmrc","status":"publish","type":"post","link":"https:\/\/www.smith-newmans.com\/2016\/12\/15\/the-christmas-gift-from-hmrc\/","title":{"rendered":"The Christmas Gift from HMRC"},"content":{"rendered":"

Legislation Change\u00a0Leaves Room For Celebration<\/h2>\n

This year it seems\u00a0HMRC are bringing good tidings to all who run a business!<\/p>\n

Recent changes in the\u00a0law<\/a>\u00a0mean all businesses with staff (companies, partnerships and self-employed) can now give each employee one-off or regular benefits of up to \u00a350, which\u00a0the business can\u00a0claim\u00a0corporation tax relief on – and which don’t create a taxable\u00a0benefit for the employee.<\/p>\n

A qualifying benefit could include a gift card (like a credit card), a Christmas hamper, flowers, chocolates etc. Although the\u00a0benefit applies all year round, the festive season is a great opportunity for employers to thank their staff whilst saving tax at the same time!<\/p>\n

Director\u00a0B\"Businessenefits<\/h3>\n

Even better is the fact that directors of Limited Companies can receive the same benefits, as long as each one is less than \u00a350 and the total provided in one year\u00a0does not exceed \u00a3300.<\/p>\n

 <\/p>\n

Merry Christmas!\"Christmas<\/h3>\n

There are a few things to bear in mind though. Employers do need to make sure that the benefit is not provided in connection\u00a0with an employee’s\u00a0work and that it cannot be converted directly into cash – so vouchers are unlikely to qualify. Other than that it’s Merry Christmas everybody!<\/p>\n

If you’d like us here at Smith Newmans to help you share the Christmas cheer, then get in touch on\u00a0023 8060 2100, or contact us via www.smith-newmans.com<\/a>.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Legislation Change\u00a0Leaves Room For Celebration This year it seems\u00a0HMRC are bringing good tidings to all who run a business! Recent changes in the\u00a0law\u00a0mean all businesses with staff (companies, partnerships and self-employed) can now give each employee one-off or regular benefits of up to \u00a350, which\u00a0the business can\u00a0claim\u00a0corporation tax relief on – and which don’t create a taxable\u00a0benefit for the employee. … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,8,10],"tags":[15,16,18,19,20,23,24,28],"yoast_head":"\nThe Christmas Gift from HMRC - Smith Newmans<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smith-newmans.com\/2016\/12\/15\/the-christmas-gift-from-hmrc\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Christmas Gift from HMRC - Smith Newmans\" \/>\n<meta property=\"og:description\" content=\"Legislation Change\u00a0Leaves Room For Celebration This year it seems\u00a0HMRC are bringing good tidings to all who run a business! Recent changes in the\u00a0law\u00a0mean all businesses with staff (companies, partnerships and self-employed) can now give each employee one-off or regular benefits of up to \u00a350, which\u00a0the business can\u00a0claim\u00a0corporation tax relief on – and which don’t create a taxable\u00a0benefit for the employee. ... 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