I have a client who has purchased 5 gift vouchers for £40 each and has given them to their employees to celebrate the anniversary of the opening of their shop. I was wondering if there were any special rules relating to these?
they are exchangeable for cash or a cash equivalent so they are P11D items on the employee's.
For trivial gifts refer to :
http://www.hmrc.gov.uk/manuals/senew/SE22930.htm
See also
http://www.hmrc.gov.uk/paye/exb/a-z/g/gifts.htm
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
15p per day allowable! Who can buy anything with 15p per day!!!
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I think some of our younger contributors won't have any idea what a luncheon voucher is...I cannot remember seeing anywhere that advertises they accept them nowadays and yet there it is still tax free and you could save a weeks worth to get a packet of polos!
