Trivial benefits confusion

2stixoftwix

Hi
Myself and my husband are directors of our own company

I understand we can claim upto £300 pa in trivial benefits

it also says that there is a limit of £50 for employees and anything given more is taxable

I'm a bit confused, does this mean for example as a director I can receive 6 x £50 'treats' or does it mean I can have a treat upto the value of £300

really confused about the wording!

Pennywise

2stixoftwix wrote: »

I'm a bit confused, does this mean for example as a director I can receive 6 x £50 'treats' or does it mean I can have a treat upto the value of £300

You can have 6 x £50. A single item over £50 isn't exempt so would be taxable.

Slinky

They don't have to be £50, you can have any sort of combination of amounts £50 or under to total £300.

2stixoftwix

Thanks - that was what I thought