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benefits in kind

Can companies give employees tax-free bonuses?

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Most types of bonuses that businesses offer their employees will come with a tax liability. Cash bonuses are added to an employeeโ€™s other earnings and will be liable for Income Tax if they take the personโ€™s total earnings above the ยฃ12,570 personal allowance threshold. Some bonuses are given as benefits in kind, and these will […]