Archive for December, 2015

Thinking of Paying a Christmas Bonus?

Employees will pay tax and nic’s on bonuses, employers Nic will also be due. Why not give a seasonal gift such as a turkey, a bottle of wine, a box of chocolates?  HMRC regard these as a Trivial Benefit, which is not tax or nic’able. If the gift extends beyond one item, for example from a bottle or two to a case of wine, or from a turkey to a Christmas hamper, you will need to consider the contents and cost before being able to determine whether the benefit is trivial.

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