Expenses and benefits: long-service awards
What’s exempt
You don’t have to report or pay on a non-cash award to an employee if all of the following apply:
- they’ve worked for you for at least 20 years
- the award is worth less than £50 per year of service
- you haven’t given them a long-service award in the last 10 years
For example, you can give a non-cash award with a value of up to £1,000 for 20 years’ service.
Salary sacrifice arrangements
You do have to report long-service awards if they are a part of a salary sacrifice arrangement.