1. Decide an amount to spend per employeeSimple: Choose an amount of £50 or less per employee, to be within HMRC’s Trivial Benefits Allowance.
2. Pick a type of gift to give your employeesMulti-store gift cards are a great way to ensure your employee gifts fit within HMRC’s trivial benefits specifications, while still ensuring both the business and your employees benefit from the advantages of giving staff a monetary-based reward. A survey we carried out of UK workers found that monetary-based rewards (like cash bonuses or gift cards) will result in the workers feeling the longest-lasting impact on their morale – but as cash and cash vouchers do not qualify as trivial benefits, according to HMRC’s definition, a multi-store gift card (which does) is a great alternative. The One4all Gift Card is the UK’s leading multi-store gift card. It can be loaded with anything from £10-400 and can be spent in more than 55,000 stores nationwide, including Marks & Spencer, John Lewis, Argos, Boots, B&Q, Curry’s PC World, H&M and WH Smith. [article id=”52425″ title=”Are you making the most of available tax breaks?”]
3. Place your orderGo to www.One4allRewards.co.uk, select the value you’d like to load onto each card (remembering to keep it to £50 or less), select the number of employees you’d like to receive them, enter a delivery address and your payment details. Orders will arrive in between 3-5 days and all orders come with free standard delivery. Orders of £500 or more are eligible for free signed for delivery, and last minute pre-Christmas orders can be placed until 21st December 2018.
4. Give them to staffHand them out to staff – but be clear about why they are receiving them. HMRC says trivial benefits must not be given as “a reward for employees’ work or performance”. For this reason, Christmas is the perfect time to take advantage of this exemption, as you can hand them out as Christmas gifts, which is something every employee can understand and appreciate. …and that’s it. When bought in this way, there is no tax, National Insurance, paperwork, filing or tax reporting. For more information and to buy tax-free £50 One4all Gift Cards for your staff, visit One4allRewards.co.uk. Alan Smith is the UK managing director of One4allRewards.co.uk, which works with over 6,000 businesses of various sizes to improve relationships between employers and the workforce using incentives and rewards, including the UK’s leading multi-retailer gift card, the One4all Gift Card, which can be spent in more than 55,000 stores nationwide.
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