Monthly Archives: December 2024

Providing Business Christmas Gifts

Providing Christmas gifts can be a thoughtful gesture, but it's essential to understand the tax consequences to avoid unexpected liabilities. The tax treatment for gifts differs depending on whether they are for staff, or customers and suppliers. Here's a breakdown:1. Gifts to StaffTax-Free Gifts: Trivial BenefitsConditions: A gift can qualify as a tax-free trivial benefit…
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