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Trivial Benefit: any rule to prevent *any* small expense upto £50 being tax-exempt?
I would like to think in this situation my handy accountant might advise me to put the additional 1p on my directors loan account rather than treat as a personal expense when compiling my end of year accounts
Well, yeah, but if you like to maximise everything then you'd perhaps have independently taken a £10k interest free loan, which would then be a £10,000.01 loan...so you have to pay interest on it (or the unpaid interest would be a taxable benefit in kind).
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