Helpful Info.
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.