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Search results: 12 article(s) found in topic: Tax and VAT - keyword: Benefits in kind

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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...


HMRC updates expenses toolkit


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...


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...


Don’t miss the benefits payrolling deadline


Are travel discount cards a taxable perk

You buy season tickets and discount cards for your staff to lower the cost of business travel. They’re also used by staff for private journeys, which saves them hundreds of pounds a year. Should you report this as a taxable benefit? More...


Benefits in kind - how to avoid losing the exemption

Directors and employees can receive low value perks tax and NI free. The trouble is if the cost of a benefit exceeds the exempt amount it’s fully taxable and liable to NI. How can you avoid this trap but maximise the exemption? More...


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...


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...


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...
Last updated: 21.08.2019

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