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The tax legislation includes an exemption for staff long-service awards, but the qualifying conditions are tough and the tax-free reward isn’t generous. Is there a better alternative?
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....
Unless exempt, when any employee (or a family member (¶27255)) receives vouchers or credit tokens, an assessable benefit arises. A voucher is defined as any voucher, stamp or similar document,...
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....
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...
The following codes operate in a different way. Letter Meaning Situation where normally used 0T Tax to be deducted in the order of basic rate, higher rate, then additional rate, with no allowances Allowances...
Employers often remunerate their employees by way of benefits in kind. In addition, an employer is required to make certain payments in compliance with state-imposed obligations.