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Limited Company, Expenses, Corporation Tax Nicola Curson Limited Company, Expenses, Corporation Tax Nicola Curson

Treat yourself to £300 of TAX-FREE wine, beer & gifts!

Treat yourself or your family to tax-free wine or gifts, courtesy of HMRC's Trivial Benefits Exemption.

 As a director of a company, the exemption allows you to receive occasional, individual ‘benefits’ of £50 or less, totalling a maximum of £300 each year. These benefits can be purchased for members of your household too.

A benefit could include wine, gift vouchers, flowers, jewellery, electronic items or perhaps video games for the kids.

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