"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 :
Lunch with colleagues
New job or good bye gift
|Value of the gift voucher||£50||£50|
|Total cost for the company||£50|
|Economy/ Loss for the company||-£48,10||£0|