Are you making the most of “Trivial Benefits”?

Employers and employees don’t have to pay tax on such a benefit if all of the following apply:
• it cost you £50 or less to provide,
• it isn’t cash or a cash voucher,
• it isn’t a reward for their work or performance,
• it isn’t in the terms of their contract.
HMRC describes these payments as a ‘trivial benefit’.
You can’t receive trivial benefits worth more than £300 in a tax year if you are the director of a ‘close’ company. A close company is a limited company that’s run by 5 or fewer shareholders.