ÑÇÖÞÉ«ÇéÍø

Trivial benefits ― statutory exemption

There is, from 6 April 2016, a statutory exemption in place for trivial benefits meaning that there are no reporting requirements and no tax or NIC to pay. There is no limit generally on the number of trivial benefits an employee can receive. However, where the company which is a close company, and the person receiving the benefit is a director or office-holder, an annual cap of £300 per person per tax year applies.

There are a number of conditions for a benefit to qualify for the trivial benefit exemption. It must:

1. •

   not be in the form of cash or a cash voucher (see the Vouchers guidance note)