Are you a company director looking for ways to save on taxes?
Look no further! I have complied a list of tax-exempt benefits designed to make your life easier!
🚘 Workplace parking, because there's nothing more frustrating than having to walk more than 10 feet to your car (and let's face it, who wouldn't rather park right outside the door?)
🥅 Workplace sports and recreational facilities because HMRC cares about your health. Don't fall for it - these just reduce NHS bill, nothing to do with you!)
🏫 Costs incurred for working from home, because sometimes it's just easier to work from the comfort of your own couch. Also - to infuriate home working nay-sayers a la Jacob Reese-Mog.
🎉 Corporate parties for less than £150 per head per year. Just make sure you don't go too crazy or you'll have to pay full price, Unless you invite HMRC of course.
📳 A fancy mobile phone and all the associated call charges your heart desires, because who doesn't love being connected to the office 24/7? Note that re-charges of personal mobile costs are not tax deductible, even if calls were for business.
🥪 Subsidised staff canteens, because HMRC hates soggy sandwiches.
🐷 A pension to ensure you'll never have to worry about eating cat food in your golden years
📚 Work related training, because it's important to stay up to date on all the latest and greatest business trends and because HMRC wants you to succeed. Successful people pay more taxes - well sort of!
🏆 Awards of less than £5,000, because everyone loves a good pat on the back.
⌚ Long service awards of £50 per year of service for those who have worked 20 years or more - you have paid lots of tax in 20 years, so this ones on HMRC!
👌Retirement gifts, because it's important to show your appreciation for all those years of hard work (and because HMRC knows you deserve it).
🔋Charging facilities for both your own car and the company car, because it's important to keep those batteries topped up and because HMRC knows you have places to be.
🎁 Third-party benefits of up to £250 per year, because it's always nice to have a little extra something from third parties.
💳 Incidental expenses paid when employees are working away from home are tax-exempt up to a daily limit of £5 per night in the UK and £10 per night abroad. So you can indulge in all the local delicacies your stomach can handle without worrying about the cost.
🚖Late night taxis (after 9pm), because HMRC cares about your security.
Hospitality or entertaining provided by someone other than the employer, because who doesn't love a good free meal? 🍽
🚚 Reimbursement of removal/relocation expenses up to £8,000, because moving is a total drag and HMRC knows it's important to make sure you have enough money to hire someone to do all the heavy lifting for you
👀 Eye tests, because it's important to make sure you can see what you're signing.
If you need support with your taxes, please get in touch here.
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