Must I declare Christmas present cheque?

Cook_County

It is turnover of the trade so it is taxable. I am not sure why she didn't just give you a bottle of bubbly - but then such is life!

ben500

What if the card was addressed to the op and his family as most cards are, would it then be considered a personal gift? Haven't a clue just fishing here.

fengirl_2

Zenmaster - it is certainly the proceedure of HMRC to include tips in the code numbers of postment and then its up to the postie to show he doesnt receive them.

fubar4164

I think the issue of tips is muddying the water here, as tips are taxable receipts but they are an expected part of doing the job. (Indeed it has just been decided that tips cannot be relied upon to increase wages up to the minimum wage level.)

What you have here is an Xmas gift, or an ex-gratia payment. If it was unexpected and not received as payment for work done, or as a down payment for future work then I would not expect it to go through turnover, in exactly the same way that a bottle of champagne wouldn't.

This is not the same as a tip or a bonus.

peterdee_2

it might be worth checking on hmrc website to be certain that you are doing nothin wrong by not paying tax on the bonus?

patman99

My boss gave me and about 40 of my colleagues a £10 gift card for having 1 day or less off sick this year. The taxman will know nothing about it as far as I am concerned.

Rolo_Tomasi

patman99 wrote: »

My boss gave me and about 40 of my colleagues a £10 gift card for having 1 day or less off sick this year. The taxman will know nothing about it as far as I am concerned.

This voucher is taxable on you and your colleagues. Your company may be paying the tax on it on your behalf or it may be included on your P11d.