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

"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)

"“Sutton Winson have been members of the BHBPA for around 7 years. We have found it a great way to keep in touch with Burgess Hill businesses and to meet with likeminded people. It’s not just another “networking” group, as it tackles the real issues and gets things done”"

Bruce Millington, Manager
(Sutton Winson Ltd)

"I am delighted to have a long-standing relationship with the BHBPA. Since its foundation the Association has gone from strength to strength and there is no doubt that it has brought huge benefits to its members and the business community as a whole through the partnerships it has formed with the local authorities, Sussex Police and local organisations. It is paramount that Burgess Hill businesses have an effective collective voice."

The Hon Nicholas Soames MP

""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)