Payroll

Jeremy Hunt’s Autumn statement – 2022

Jeremy Hunt’s Autumn statement – 2022

In his opening remarks, Jeremy Hunt said his priorities are stability, growth and public services. Stability - Stability is about reassuring the market. The Chancellor announced the following new, ‘fiscal rules’ that public sector debt must be falling as a percentage...

Are employee parties tax-free?

Are employee parties tax-free?

If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible for you, as the employer, and tax-free for your staff. This means you can claim back some of the expenses you incur when putting on...

What counts as a ‘trivial gift’?

What counts as a ‘trivial gift’?

Giving occasional gifts to your staff is a great way to keep them engaged and motivated. But how much can you give before these gifts become taxable? Certain lower-value gifts can be given to employees (including directors) tax free. These have to be classed as...