Article Database

Search results: 5 article(s) found in topic: Tax and VAT - keyword: Benefits in kind

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EXPENSES

Is compensating an employee taxable?

A while ago one of your employees ripped her coat on a desk at work. You agreed to pay for a replacement. In a subsequent PAYE check an HMRC officer said the payment was taxable and you owe tax and NI. Can this be right? More...

TAX

Childcare - more good news

In March 2018 HMRC put back the deadline for employer childcare schemes. It’s now gone a step further by extending the exemption to certain payments outside the scheme. What’s the full story? More...

TAX-FREE BENEFITS

Bike at the Taxman’s expense

Summer’s here (apparently), and a couple of employees have asked about buying a bike through work. You’ve heard that HMRC supports ideas like this through tax breaks. What’s to know? More...

TAX - DIRECTORS’ LOANS

Can you reduce the tax and NI on company loans?

Our subscriber’s company lent him a large sum shortly before the end of the last tax year. His bookkeeper says that the timing of the loan means he and the company face a large tax and NI bill. Why and is there a way to dodge it? More...

PROFIT EXTRACTION

Company perks for your spouse - are they tax efficient?

A subscriber’s company provided perks to him and his spouse. The perks were declared on their respective tax returns, but HMRC argues that they are all taxable on him, which meant a bigger tax bill. Is HMRC right? More...
Last updated: 14.12.2018

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