"If an employer provides a benefit to its employees, the benefit is exempt from tax as employment income if all the following conditions are satisfied : "

  • The cost of providing the benefit does not exceed £50
  • The benefit is not cash or a cash voucher
  • The employee is not entitled to the benefit as part of any contractual obligation
  • The benefit is not provided in recognition of particular services performed by the employee as part of their employment duties

You can give a gift voucher to each employee if you want to but without exceeding £50 per employee.

This assistance applies to different events :

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Christmas

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Birth

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Wedding

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Birthday

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Easter

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Lunch with colleagues

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New workwear

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New job or good bye gift

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New lodging

PayrollGift Voucher
Value of the gift voucher £50 £50
Tax £36,20 £0
National assurance £11,90 £0
Total cost for the company £50
Economy/ Loss for the company -£48,10 £0
More information on the HMRC law