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How to give your staff meals and refreshments - tax free!

by , 29 October 2013
If you provide your employees with meals, refreshments or meal vouchers free of charge or for less than its actual value, you can tax this as a fringe benefit. But there are three instances where there's no fringe benefit tax on any meal or refreshment. Know what these are and you'll be able to provide meals and refreshments completely tax-free!

Want to give your employees meals and refreshments, but are worried the value placed on this perk will attract tax?

If, so, you'll be glad to know there's a way to give your staff meals and refreshments, tax free!

Here are the three instances where there's no fringe benefit tax on any meal or refreshment:

According to the Practical Tax Loose Leaf Service, there's no fringe benefit tax on any meal or refreshment:

#1: You supply to your employees in any canteen, cafeteria or dining room operated by you or on your behalf.

#2: You supply to your employees during business hours or extended working hours or on a special occasion.

#3: If food and drink is enjoyed by your employee in the course of providing a meal or refreshment to any client the employee is required to entertain on your behalf.

Warning: Don't assume all staff meals and refreshments are tax-free. Make sure they meet these requirements first.

If you're confused about when fringe benefits are taxable and when they aren't? Read this.

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