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Reply to: Probably a crazy idea, but...
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Previously on "Probably a crazy idea, but..."
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There are a number of companies who provide this kind of service, we used to use one when I ran the BD function at Ernst & Young but I cant remember what they were called now. Just done a google search and several came up but I would check the tax implications of certain types of gifts (particularly those of high value), it might be construed as payment in kind.
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Probably a crazy idea, but...
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?Tags: None
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