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    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - 27405

    Subject to the trivial benefits rule, all employees are taxable on benefits which are not statutorily exempt (¶27280).

    Are your company assets available for private use?

    One of our subscribers got into a tricky argument when the Taxman claimed that his company had undeclared the benefit-in-kind in respect of old equipment it had given to its employees. What’s...

    Health care costs

    You’ve an existing medical insurance policy covering your family, which you pay for out of your private account. Can you simply switch the direct debit to your company’s bank account without...

    Tick boxing: client entertainment?

    Every year you need to make an entry for any entertainment expenses you’ve reimbursed an employee on P11Ds. Next to this figure you are asked to “enter a tick or a cross as appropriate”....

    In-house benefits

    You may provide your employees with certain discounted or free goods or services that your business deals in. However, employer’s NI is due on this benefit-in-kind. There is a way to keep this...

    A cricket box?

    You may have thought of hiring a box at e.g. a cricket ground to meet and discuss business with customers. But, knowing that the Taxman will want to put obstacles in your way, is there a way...

    Employer insures against medical costs

    According to the Taxman, private medical insurance is the most common benefit-in-kind. This is good news for him as the benefit is easy to tax. However, there are still some things you can do...