Trivial benefits - tax-free benefits 2021-22

The tax-free perks facilitated by the trivial benefits legislation are widely underutilised and many firms that do offer benefits based on the trivial benefits rules are not aware of the fine print that they need to comply with.

This publication covers:

  • Nature of the exemption
  • Contractual entitlement
  • Salary sacrifice
  • Reward for services
  • Season ticket trap
  • Top-up gift cards

Practical uses:

  • Send to all your company clients or employers. This may stimulate a review of their benefits planning for employers.
  • Add material to your website and drive traffic to the page using social media.
  • Send a copy to staff. Will update their understanding of the issues presented. You could also instruct them to send copies to any friends or family that may find the information useful.

Other Spotlights publications available to subscribers

EU e commerce changes July 2021
Pension Contributions - tax breaks 2021.22
Working from home - tax breaks 2021-22
Off-payroll working changes - from 6 April 2021
Extracting company profits - strategies for 2021-22
New to self-employment - tax and NIC 2021-22
Utilising COVID tax losses 2021-22
Capital expenditure - tax breaks 2021-22
Incorporating a property business - 2021-22
Making the most of digital accounting 2021-22
Staying ahead of business challenges 2021-22
Why tax planning is a sound investment 2021-22
New business challenges in the post-COVID economy 2021-22
Business exit challenges in a post-COVID economy
Creating multiple income streams 2021-22