Our summary of the Chancellor’s 2020 Budget

Our summary of the Chancellor’s 2020 Budget

We have pleasure in providing you with our summary of the Chancellor’s 2020 Budget. Our summary of the Chancellor’s 2020 Budget is now available to download here. Following the UK’s departure from the EU, Chancellor Rishi Sunak presented the 2020 Budget...
For the fourth time in a row HMRC has included advice about trivial benefits in its Employer Bulletin, it says to clarify matters. In reality it’s back pedalling on its previous erroneous advice about when the trivial benefits exemption applies. What’s the full story?

For the fourth time in a row HMRC has included advice about trivial benefits in its Employer Bulletin, it says to clarify matters. In reality it’s back pedalling on its previous erroneous advice about when the trivial benefits exemption applies. What’s the full story?

A trivial storyIt started with a bacon roll in May 2019 and finished with a Christmas gift in February 2020. We’re of course talking about the tax and NI exemption for low value (trivial) benefits provided to employees. In a webinar in May 2019 HMRC suggested that if...