Trivial benefits confusion

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!

Comments

  • Pennywise
    Pennywise Posts: 13,468
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    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
    Slinky Posts: 9,912
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    They don't have to be £50, you can have any sort of combination of amounts £50 or under to total £300.
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  • Thanks - that was what I thought
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