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    Letter to employees regarding trivial benefits

    Letter to employees regarding trivial benefitsThe tax and NI exemption for trivial benefits is a great way to reward your employees with small gestures. You need to maintain certain records as...

    Cars - is a home electric charging point tax exempt?

    Your company is paying for an electric charging point to be fitted at your home. Both you and your partner will use it as you each have electric cars. Will this count as a taxable benefit in...

    Cycle to work conditions relaxed

    If you operate the “cycle to work” scheme for your employees, coronavirus may have resulted in the conditions for the tax and NI exemption not being met. This has prompted a statement from...

    Corporation tax - Special situations - Close companies - Implications of close company status - Benefits - 15960

    Where a company provides a benefit to a participator which would be treated as a benefit in kind (¶27250) if provided to an employee or director, it is treated as a distribution. This rule does...

    Income tax - Employment income - Earnings - Regular payments - Scope - b. Value of remuneration - 26400

    If an employee accepts a reduction in pay in return for a benefit in kind, the unreduced pay will still be liable to tax. -Heaton v Bell [1969] For optional remuneration arrangements, including salary...

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - General principles - 27250

    A benefit in kind (referred to in this section as a benefit) is a payment made other than in cash to an employee or director by reason of the employment. Certain minor benefits, which are available to...

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Non-taxable benefits - Equipment and communication - Home internet access - 27327

    The tax status of the provision of internet access at the employee's home for work purposes depends on the nature of the arrangements with the provider, and is summarised in the table below....

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - Living accommodation - b. Ancillary expenses - Employee in job-related accommodation - 27515

    Where the provision of living accommodation is not taxable because the employee satisfies one of the exceptions in ¶27475, the amount assessable in respect of ancillary services (other than...

    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 2020/21 is £3,490 (2020/19: £3,430). The amount of the cash equivalent is reduced where the van is either unavailable (¶27695) or is a shared van....

    Income tax - State benefits and pensions - Pension income and state benefits - Income from pensions - Other pensions - b. Chargeable pension income - Benefits in kind - 30100

    Unless the benefit was first provided before 6 April 1998, employers are required to report the provision of post-retirement benefits in kind exceeding £100 per annum (such as medical insurance) which...