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Daily Archives: March 1, 2020

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Tax free gifts

Dentists give yourself a tax free gift from your company

Limited CompanyBy Katherine FloodMarch 1, 2020

Your company can give gifts up to £50 in value to its employees, directors and company secretary, tax-free. In other words, you can receive a tax-free gift from your company and reduce your corporation tax bill. This is known as a trivial benefit. Watch out for the restrictions The gift can not be:- a voucher…

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