r
_

And Now for Something Completely Trivial

HMRC yesterday finally put to bed the long-running saga of whether they could really be bothered about chasing tax on low value benefits in kind.

They have been promising this for some time, and have now announced that from 6th April 2016, any benefit provided to an employee with a value under £50 can be ignored.

Hurrah for deminimises.  Hurrah for a bit of common sense.  Hurrah for Lagavulin and other fine malt whickies that can be picked up for less than £50.

Share