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    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - Assets made available - Use of assets - 27590

    Where assets are made available (other than bicycles (¶27280), mobile phones (¶27325), cars (¶27650) or vans (¶27750)) for an employee's private use, a benefit will arise where private use...

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - Vehicles - c. Company vans - Provision of van - 27770

    The cash equivalent of the van benefit for 2019/20 is £3,430 (2018/19: £3,350). The amount of the cash equivalent is reduced where the van is either unavailable (¶27695) or is a shared van....

    Sharing the company car tax efficiently

    Your company provides a car which you and your other half share. Naturally, there’s tax to pay on this benefit in kind but how can you arrange it so that it’s charged at the lowest possible...

    Tax and benefits in kind for retired workers

    One of your longest serving employees retired recently. As a gesture of goodwill you’re continuing to provide him with some benefits in kind. As they no longer work for you can you pay them...

    Trivial benefits - new exemption announced

    As announced in the 2014 Autumn Statement, a new statutory exemption for trivial benefits in kind will take effect from 6 April 2015. Are you ready to advise your clients on how to take advantage...

    Employee benefits - avoiding a tax trap

    Where you give your employees equipment no longer needed by your business, e.g. office furniture, there’s a modest tax charge for them and an NI one for your company. But HMRC can increase...

    Avoiding P11D penalties retrospectively

    The deadline for submitting 2012/13 P11Ds was back in July. If you missed it you could be facing stiff penalties, but there might still be time to avoid them. How is it done?

    Is clearing a director’s loan account the best solution?

    Dividends are often voted to a director-shareholder but used to clear their overdrawn loan account and so prevent a tax charge arising on the company. But why might this not be the most tax efficient policy?

    Can watching the Olympics at work benefit you?

    Whether you’re interested in sport or not, the world will have its eyes focused on the UK this summer. This will no doubt include a good many of your employees. How can you turn this potential distraction...

    Vouchers offer tax savings and more

    You’ve heard there are tax, NI and other advantages to giving your employees vouchers instead of other types of benefit-in-kind. What are these and what are the tax and NI breaks?