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More tax efficient, more cost effective
Benefits in cash or kind can often be fully taxable, but not Luncheon Vouchers. The first £39 per annum of the value is both employer and employee NIC and tax exempt. For employers, there are also considerable cost savings from simplified administration. No need to outsource catering, no high running costs of a staff canteen, no complicated expenses claim procedures. Luncheon Vouchers can simply be purchased as and when required.
Staff restaurants and Luncheon Vouchers
If your organisation already provides a head office staff restaurant you have the added bonus of knowing that your company will not jeopardise the tax exemption that applies to the head office restaurant. All staff at each of your locations must be provided with a subsidised meal benefit, to ensure that staff that has access to any in-house restaurants can enjoy the facility tax free.
Tax information for meal and food vouchers
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