Christmas may look rather different this year, but it’s certainly not cancelled! With the festive season fast approaching, we wanted to share some tax-efficient ways you can celebrate virtually with your team.
Under current guidance, you’re allowed to celebrate with your team without having to report it or have the usual benefit in kind tax implications. It’s referred to as a Trivial Benefit. You can give or do something for each of your team members that costs £50 (including VAT) or under per person. Or, you can host a virtual event or party and spend up to £150 per team member.
Here are some COVID-friendly ideas:
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