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Search results: 17 article(s) found in topic: Tax and VAT - keyword: Benefits in kind

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TAX

Is a home gym a tax-free and tax-deductible perk?

Instead of paying out membership fees and having the hassle of travelling to a gym each time he feels like working out, our subscriber wants his company to cover the cost of a gym at his home. How tax efficient would this be? More...

TAX - BENEFITS IN KIND

Is a trip to the pub a tax-efficient perk?

You’ve heard that workers who socialise together may be more productive. You want to give the theory a try by putting some money behind the bar for an occasional social evening. Would this trigger a tax bill? More...

TAX - STAFF PAY AND BENEFITS

New salary sacrifice schemes - tax break or tax trap?

One of your employees has sent you links to websites offering tax efficient salary sacrifice schemes to consider. You thought HMRC had killed these off with tough anti-avoidance rules. Can these new schemes legitimately save tax? More...

TAX - EMPLOYEE BENEFITS

Is a personal gift to an employee a taxable perk?

One of your longest serving employees is getting married and you intend to buy a gift. You’re keeping it simple with a voucher they can spend online. Is it more tax efficient for you to buy it personally or for your business to pay? More...

TAX

When can you claim a tax deduction for entertaining?

HMRC applies tough rules to prevent tax relief for entertainment costs. The good news is that there’s an exception for staff entertaining, but as the owner of the business does it extend to you? More...

TAX - DIVIDENDS AND BENEFITS

Dividends that can delay your 2018/19 tax bill

It’s a couple of weeks until the deadline for declaring benefits in kind to HMRC for 2018/19. How can you use a current year dividend to prevent the resulting tax charge and replace it with a lower one payable at a later date? More...

EXPENSES AND BENEFITS

HMRC updates expenses toolkit

TAX - BENEFITS IN KIND

Tax traps for company mobile phone users

The Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid falling foul of these? More...

TAX

How to make staff pay reviews tax efficient

It’s that time of year again when you review staff performance and pay. One of the directors has suggested offering tax-efficient perks instead of pay. You thought HMRC had outlawed this in 2017, but is it still possible? More...

BENEFITS

Don’t miss the benefits payrolling deadline

Last updated: 09.12.2019

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