Tax implications of SmartAwards™ in the UK

We run a lot of Reward & Recognition programmes for clients, whether for long service awards, thank you awards or other team or individual incentives.

To find out more about HMRC’s definition of taxable benefits and the different options available to clients about how to pay this tax can be found here:

https://www.gov.uk/expenses-and-benefits-vouchers/what-to-report-and-pay

Whichever option is chosen, Reward Gateway provides reports on everyone who has been awarded in a year so clients can make PSA payments or reconcile tax paid.

If clients want to avoid the cost of awards and tax altogether, our eCard peer-to-peer recognition product encourages saying a simple thank you with no money involved - so it's even simpler.

Read more about The power of eCards for driving continuous recognition

Please note, Reward Gateway are not tax advisors. Find out more about this particular topic on HMRC's Expenses and benefits: vouchers webpages and further information about employee benefits taxation in general should be sought from the HMRC or a tax advisor directly.