£300 Tax-Free Gifts Most Directors Miss

Number three. This is the £50 trivial benefits rule. Call it director's favorite. To be honest, this one feels almost too good to be true. If you run a limited company, your company can give you or an employee a gift worth up to £50 completely tax free. It can't be cash though, it can't be a cash voucher. And it cannot be a reward for work or a bonus. Here is the part the directors miss. Directors of limited company. And as a director, you can receive up to six of these per year. That's £300 tax free. Think about it. Christmas gift meals. It could even be coffee with, you know, small treats. It could be thanks for surviving this year moment. So each item must be 50 pounds or less. Now don't go over 50 pounds. If you do that, it becomes fully taxable. It's classic ketchup. Now if you use it properly, this is one of the easiest ways to extract some value from your company tax efficiently.