Present tax-free company benefits
The list of company benefits that can be provided tax-free to employees is quite short. However, some of the benefits that can be provided include the following:
- Meals: Free or subsidised meals in a staff canteen where meals are provided for all employees on a reasonable (not overly extravagant) scale. The exemption does not apply where free or subsidised meals are provided as part of salary sacrifice or flexible remuneration arrangements.
- Hot drinks and water at work.
- Mobile phone: There is generally no charge to tax where for a mobile phone is provided to an employee.
- Workplace parking for an employee’s car or motorcycle, or facilities for parking bicycles at or near the employee’s place of work.
- Annual / Christmas parties: These must be open to all employees and cost less than £150 per person.
- Medical insurance or medical treatment for employees working abroad as well as one annual medical health check and / or health-screening assessment.
- Long service and suggestion scheme awards, within certain limits.
There is no requirement to pay tax on benefits and expenses covered by concessions or exemptions and they do not need to be included on a tax return.
Newsletter
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!
Latest news
- COVID Bounce Back abuse
16/04/2024 - More...
The Insolvency Service has recently published information confirming that a total of 831 company directors were banned
- Settling energy disputes
16/04/2024 - More...
Business owners that are in dispute with their energy suppliers will be interested in the free support on offer from the
- Accessing the HMRC mobile APP
11/04/2024 - More...
HMRC’s free tax app is available to download from the App Store for iOS and from the Google Play Store for Android. The