Christmas Parties..... Christmas Parties..... - Page 2
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  1. #11

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    Quote Originally Posted by northernladuk View Post
    That's the one that has the discounts the more you spend with some suppliers isn't it? Are the discounts actually any good? Can you recoup the price of it on just consumables and the like or is it a bit stingy?
    Amazon sent a free trial to MyCo's Amazon account, I forgot to cancel it so stuck with it for a year! Probably saved enough on postage to justify it but not sure I will continue after the year.

    Amazon do a Subscribe and Save and you get between 5% and 15% discount, I use that on my personal account for big bulky items we go through quite a lot
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  2. #12

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    Quote Originally Posted by ladymuck View Post
    Hey - £50 goes a long way in Lidl
    Or Asda, I picked up 6 bottles of this over the weekend, with a 25% discount you'll still have enough for a box of chocolates for the mistress

    Online Food Shopping - ASDA Groceries
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  3. #13

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    I've never used the Trivial Benefit allowance before.

    Is this in addition to the Annual Event £150 allowance?

    And can we have multiple trivial benefits of max £50 each, up to a £300 annual limit?

    where the employer is a close company and the trivial benefits are given to a director, office holder or members of their families or households, an annual limit of £300 exists.

  4. #14

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    Quote Originally Posted by ChimpMaster View Post
    I've never used the Trivial Benefit allowance before.

    Is this in addition to the Annual Event £150 allowance?

    And can we have multiple trivial benefits of max £50 each, up to a £300 annual limit?

    where the employer is a close company and the trivial benefits are given to a director, office holder or members of their families or households, an annual limit of £300 exists.
    that's what my accountant said.
    Not sure if it's company year or personal year though. So I'll wait till April and setup a standing order.
    I did 12 payments of £50 (2 x directors)
    See You Next Tuesday

  5. #15

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    Quote Originally Posted by Lance View Post
    that's what my accountant said.
    Not sure if it's company year or personal year though. So I'll wait till April and setup a standing order.
    I did 12 payments of £50 (2 x directors)
    Do you account for it somewhere special so it's obvious that's what it is?

  6. #16

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    Quote Originally Posted by ladymuck View Post
    Do you account for it somewhere special so it's obvious that's what it is?
    haha.. No. Sundries. As the accountant asked. I've titled it trivial benefit though.
    See You Next Tuesday

  7. #17

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    Quote Originally Posted by Lance View Post
    that's what my accountant said.
    Not sure if it's company year or personal year though. So I'll wait till April and setup a standing order.
    I did 12 payments of £50 (2 x directors)
    So you can literally pay yourself cash? (I mean bank transfer )
    Last edited by ChimpMaster; 30th November 2020 at 15:34.

  8. #18

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    Quote Originally Posted by ChimpMaster View Post
    So you can literally pay yourself cash? (I mean bank transfer )
    Amazon vouchers. As good as cash to be honest the amount I spend with Amazon.
    See You Next Tuesday

  9. #19

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    Quote Originally Posted by Lance View Post
    Amazon vouchers. As good as cash to be honest the amount I spend with Amazon.
    But....

    The statutory exemption lays out certain criteria that must be met in order to be counted as a trivial benefit which ensure that:


    • The benefit is not cash or a cash voucher
    • The cost to provide does not exceed £50
    • The benefit is not provided as a contractual entitlement
    • The benefit is not provided in return for a normal service (or services) expected by the employee – eg hitting a pre-set performance target

    Common examples seen include a gift of flowers on a birthday, a turkey at Christmas, or a modest layette on the birth of a child. More than one trivial benefit can be provided during the year; however, where the employer is a close company and the trivial benefits are given to a director, office holder or members of their families or households, an annual limit of £300 exists.


    EDIT: Oh...Interesting, it seems that a gift voucher is not a cash voucher...

    EIM21866 - Employment Income Manual - HMRC internal manual - GOV.UK

  10. #20

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    Quote Originally Posted by Lance View Post
    Amazon vouchers. As good as cash to be honest the amount I spend with Amazon.
    And they've got to be spread out. Buying six £50 vouchers in the last month of your financial years doesn't look good.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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