Christmas bonus and gifts for staff

As Christmas is fast approaching, you may be starting to think about what the tax implications are if you give your staff a Christmas bonus or take them for a Christmas dinner or party?

If you are considering a bump sum payment to any of your employees as a Christmas bonus you must consider your obligations for tax purposes.

If you pay any employee a bonus, then you must gross up the bonus by the appropriate amount of PAYE.

Read this article on Christmas bonuses and how you can meet your tax obligations.

Written by Atul Mehta for Contact Pharmacy Guild Magazine, October 2014.

Christmas bonus
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