Right, back when I was a permie we had a reward scheme. We could be recommended for awards of £20-50 value which we could then select from a online catalog. The list included shopping vouchers which were the only things of good value.
I assume it was done this way to avoid the employee paying tax, because if it were a cash reward it would be taxable income.
How was this done, and could I do something similar for my own company?
£50 of supermarket vouchers would come in very useful if I don't have to pay tax, even if I still paid corporation tax on them it would still be good.
Any ideas?
I assume it was done this way to avoid the employee paying tax, because if it were a cash reward it would be taxable income.
How was this done, and could I do something similar for my own company?
£50 of supermarket vouchers would come in very useful if I don't have to pay tax, even if I still paid corporation tax on them it would still be good.
Any ideas?

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