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Trivial employee benefits

HMRC has published a consultation document on the possible introduction of a statutory exemption for trivial benefits in kind.

The government believes that a clear statutory exemption will make administering such benefits substantially easier for employers.  The government is therefore consulting on the design of an exemption.

The questions for consultation include:

  • The level of a monetary limit in the definition of trivial, and
  • Whether the statutory exemption should be based on the annual cost or number of trivial benefits in kind provided in a tax year.

The statutory exemption could be available at each employment, so that employees with more than one employment would benefit from more than one exemption.

 

 

 

 

 

 

 

 

 

Date: 25th July, 2014
Author: Cathy Corns

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