Can you please assist.
I am a PAYE employee for Company A, Comapny A provide services for Company B.
An employee of Company B has given me personally a gift to celebrate the birth of our baby. The gift is £100 cash.
Is this subject to income tax?
The HMRC website suggests that it would not be as the gift is on personal grounds,
'A gift does not count as earnings within section 62 if it’s made:
- on personal grounds (for example, a wedding present)
- as a mark of personal esteem or appreciation'
however given this gift is cash and cash from a client i'm unsure if this would instead be classed as income having arisen from the employment therefore taxable.