Welcome to Daniel James Accountants

Daniel James Accountants is a firm of accountants based in Billericay offering accounts, taxation and business advisory and support services to a wide range of businesses and individuals.

At Daniel James Accountants we provide a cost-effective, high value solution to meet all of your financial needs. We work hard to get to know you in order to deliver timely, individual advice on how to improve your business and personal wealth.

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If you would like more information or would like to speak to us direct then call us on 01277 622888. Or if you would prefer, ask us a question online.


ServicesIndividuals & Businesses

We offer a range of accountancy, support and taxation services for all your needs.

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Resources Interactive tools & factsheets

Access to really useful resources including calculators, tax rates and market data. View our resources on the link below.

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1st Meeting Free!AND OUR COFFEE IS AWESOME

If you have any enquiries or would like to book an initial meeting please contact us.

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The current hot topic

Seasonal gifts to employees

At this time of year some employers may wish to make small gifts to their employees.

For many years HMRC have been prepared to accept that trivial benefits were not taxable under certain circumstances. However a statutory exemption has been introduced from the start of the current tax year which should give employers certainty that the benefits provided are exempt and do not result in a reportable employee benefit in kind. In order for the benefit to be exempt it must satisfy the following conditions:

  • the cost of providing the benefit does not exceed £50
  • the benefit is not cash or a cash voucher
  • the employee is not entitled to the voucher as part of a contractual arrangement (including salary sacrifice)
  • the benefit is not provided in recognition of particular services performed by the employee as part of their employment duties
  • where the employer is a 'close' company and the benefit is provided to an individual who is a director, an office holder or a member of their household or their family, then the exemption is capped at a total cost of £300 in a tax year.

If any of these conditions are not met then the benefit will be taxed in the normal way subject to any other exemptions or allowable deductions.

One of the main conditions is that the cost of the benefit does not exceed £50, if the cost is above £50 the full amount is taxable, not just the excess over £50. The cost is the cost of providing the benefit to each employee not the overall cost to the employer. Where the individual cost for each employee cannot be established, an average could be used. Two pertinent examples consider gifts of turkeys, a bottle of wine or alternative gift voucher.

Further details on how the exemption will work, including family member situations, are contained in the guidance.

However if you are unsure please do get in touch before assuming the trivial benefit you are about to provide is covered by the exemption.

Internet link: HMRC manual