Why branded gifts could see you saving money this holiday season!
As the Christmas festivities fast approach choosing the right present for clients and employees can be a mind field for businesses looking to mark the season’s celebrations.
For many businesses it is a time to take the opportunity to thank clients and employees for all their hard work and support throughout the year with a special token of their gratitude.
From branded gifts to chocolate boxes, stationery or tech there are lots of options to choose from.
However, with some gifts being tax deductible and others not facing the same exemptions it is important to take into consideration the wider implications of gifting for your business.
At LG Davis we have been helping companies supply quality gift ideas for over 60 years and are breaking down the festive tax rules to help you look at getting the most out of giving as well as sharing some of our top tips for gift ideas this season.
When it comes to Christmas gifts not all presents are treated the same by HMRC. With Christmas hampers and food gifts facing tax bills but branded gifts exempt it is important to think carefully about what you send to thank employees and clients this year if you don’t want to incur any unwanted additional costs.
What are the rules when giving Christmas gifts to employees?
In general, gifts to employees are considered as ‘benefits in kind’ and therefore subject to tax. However, there are some exemptions that mean Christmas gifting could benefit your business not only be boosting staff morale but also helping to reduce your tax bill.
Gifts that cost less than £50 per employee and aren’t cash, or vouchers that can be converted into cash, are considered trivial benefits and not taxed.
You can also reclaim VAT on employee gifts if they are strictly for business purposes and not extravagant.
How can I say thank you to my clients this festive season?
Just as with employee gifts client gifts should cost less than £50 per person. Be aware there are also some extra rules to consider though.
Advertising gifts that are branded with your company logo are tax deductible. However, they cannot be food, drink, tobacco or vouchers that can be exchanged for goods.
If you are looking to give some festive cheer this year and mark the occasion by thanking those that have supported your business for the past 12 months why not explore our top gifting ideas for 2023.
10 top gifting ideas
1. Beanie hats
Beat off the winter blues with branded beanie hats. An ideal gift this Christmas they not only provide a useful winter warmer but also help to showcase your company brand.
2. Power packs and charging leads
Branded power packs are a useful item to help employees and clients keep their phones and ipads charged over the festive season. Whether you create a personalised power bank to charge up tech on the go or supply matching multi-lead phone chargers you can guarantee it will be a present that will be used again and again.
For more information about the power of convenience in gifting read our helpful bog It's All About Convenience as we discuss the trend for convenient gifts over gimmicks.
3. Re-usable coffee mugs
Not only eco-friendly but convenient branded insulated mugs or drinking vessels are a great way to raise a glass with employees and clients.
4. Diaries and notepads
Branded stationery items are a must have resource for all businesses. Functional and stylish they are a practical gift which can be used again and again helping to keep your business at the front of people’s minds for long into the New Year.
5. Wall calendars
Fill with important dates and key messages so that clients and employees are always kept up to date with everything they need to know. Calendars can be personalised and individually branded to create a design as bespoke as your business.
6. Tote bags
Another useful present, Tote bags make the perfect accessory. Easily folded away they are small and compact and can be opened out and used as and when needed. Add a splash of colour and your business contact details and they soon become an instant reminder of what you do.
7. Water bottles
The perfect gift for busy people on the go, keep refreshed while out and about with this convenient and easy to use drinking bottle. You can even add a handy carabiner clip to attach the water bottle to your bag or laptop for easy transportation.
8. Stylus pens
Light and easy to post, these useful branded pens provide a functional, affordable gift which can become a firm favourite on desks and in offices helping to remind people of your brand.
9. Wireless earbuds
Help to keep employees and clients connected. Wireless headphones are a must have tech item that are becoming a popular corporate gift. Stylish and practical they can be used for office calls or to listen to music and podcasts to help you work. With lots of noise cancelling uses they are the perfect corporate gift.
10. Laptop bags
Perfect for business associates that are always on the go each bag can be personalised and offers a walking advertisement space for your brand.
Struggling for inspiration and in need of some ideas?
Let our helpful sales advisers find you the perfect Christmas gift this season to show your team and clients how much you appreciate their support.
With prices for every budget we have the perfect present for every business.
Take the hassle out of gifting and make sure you stay with in budget with our handy gifting ideas. Call us today on 0121 430 9000 or email email@example.com for more details.