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    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...

    Directors - dodging the benefit in kind tax

    Your bookkeeper has given you your P11D for approval. Where the company paid a few of your personal bills they show as benefits. You asked the bookkeeper to debit your loan account to cancel...

    If the company pays, how much will it cost you?

    From time to time your company pays one or two small personal bills so you don’t give it much thought. You now want go a step further and get the company pay a bill for member of your family....

    Now’s the time to turn back the clock on taxable perks

    In 2018/19 your company provided you with benefits in kind. As it stands you’ll be taxed on them and your company will have to pay Class 1A NI. There’s still time to prevent these charges....

    Should you or your company pay your nanny?

    You want to employ a nanny. Normally this would mean registering with HMRC as an employer, with all that this entails. Could you instead add them to your company’s payroll? If so, what would...

    The tax pros and cons of company motorbikes

    If you fancy taking to the open road on two wheels, why not get your company to buy you a motorcycle? What tax charges and reliefs will apply?

    Staff discounts - do they result in a taxable benefit?

    You run a building firm employing 15 staff. You offer them a 50% discount for work you do for their families. Should you report this as a benefit in kind and if so how do you calculate it?

    Pay a dividend now to defer and reduce last year’s tax

    Your accountant is finishing work on your company’s accounts. He suggests paying a dividend to cover payments your company made last tax year which will otherwise be taxed as benefits in kind....

    Benefits - who’s responsible for reporting them?

    As an employer you have until 6 July 2018 to report benefits you provided to your employees in 2017/18. You might also have to report benefits for someone else’s employees. When does this apply...

    A tax-free company vehicle?

    If your clients are looking at tax-efficient benefits for 2018/19, it could be worth discussing the tax savings offered by using a company van instead of a car. What advice could you give them...