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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...
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...
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...
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...
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...
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...
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....
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...
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....
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...