Tax Tip 22: Tax Tip 22: How to pay a long service award to your staff – Tax Free

Have you got any employees who have worked for you for more than 20 years?

You can give them a tax free long service award worth £50 for every year of service, as long as the gift is not in the form of cash or vouchers. That could be a holiday, television or gold watch for example. More details from HMRC are here.

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