Not sure if this has been asked before, but I can't find an answer anywhere. If a director is a director of multiple close limited companies then could they claim trivial benefits up to £300 per tax year per company or is this restricted by director per tax year to £300? As it runs in line with the personal tax year, I presume it is per director as an exemption from paying BIK tax but it is not 100% clear.
Any help would be appreciated,
Thanks
Replies (5)
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See ITEPA 2003 s323B and Tim Good's interpretation of it 5.12.17 on this thread https://www.accountingweb.co.uk/tax/business-tax/trivial-benefits-far-fr...
I also agree
Even the idea on anti avoidance measures on trivial items that have already been restricted for directors would seem heavy handed