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Not so trivial

by mike tombs
in Tax
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Options for reducing the impact of taxation on our earnings are somewhat limited. That said, there are still opportunities that will keep you the right side of the law and will increase the take home pay of employees.   One such opportunity available to employers is to pay so-called trivial benefits. The benefits may be of small value, but never-the-less, even small tax-free payments will be gratefully received.   To qualify as tax-free, the benefits paid to employees need to fit the following criteria: they cost £50 or less to provide, the payments are not made in cash or by [...]