News: Tax Tip for Feb

Posted on 1st February 2016

Give your staff small tax free benefits after 6 April 2016

As long as each gift costs less than £50 incl VAT, it’s not reportable or taxable on your staff.

If you’re a director of a small company, you and your family are subject to an annual £300 limit.

Your staff aren’t subject to such limits, so you may pay for things like flowers, chocolates and meals out

without worrying about a tax liability, as long as it’s not related to their job.

 

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Testimonials

"“We have been members of BHBPA from its inception, and seen the organisation steadily grow and expand into the dynamic entity it is today, bringing positive benefits to all its members.""

Peter Hook, Manager
(Computer Systems Engineers)

"Since joining BHBPA we have found it to be a dynamic and vibrant members’ organisation, with excellent, regular and informative meetings.

Peter Liddell does a first class job in ensuring that members’ interests are aired and addressed.
"

Mark O'Shea, Partner
(Rawlison Butler)

"This association was started with a lot of effort from a few local businessmen and has proved to be a very powerful and useful tool for our business. The BHBPA has influence at the top level; when action is needed, the BHBPA gets it done. We are kept in touch with all that is happening on our doorstep and will often act because of what is published in the weekly emails / newsletters."

Steve Mooney
(Steven Mooney Machinery)

""BHBPA is a really well organised and run group, great for networking and benefitting from knowledgeable local speakers with real business insight. Peter brings enthusiasm and humour which helps drive the association forward. I am glad to be part of it.""

Dave Farmer, German Translator
(Dave Farmer & Co)