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Search results: 95 article(s) found in topic: Benefits - keyword: Benefits-in-kind

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BENEFITS

When can you be taxed for parking at work?

Your business has relocated to premises with fewer parking spaces. You’ve rented extras in a private car park a fair walk from the office. This can count as a taxable perk for employees who use them but when does this rule apply? More...

BENEFITS

Confusion over trivial benefits exemption

During an HMRC webinar the host dug herself a hole when explaining the tax position for low cost perks. She said that snacks regularly provided by an employer aren’t exempt. She was wrong but is there any truth in what she said? More...

BENEFITS

Reducing your tax bill on perks

In anticipation of another scorching summer you’ve used company cash to buy three mobile air conditioning units for your home. You realise that there will be tax and NI to pay on this perk, but how can you minimise it? More...

BENEFITS

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. How’s it done and is it worth it? More...

EXPENSES

Tax and the cost of medical treatment

One of our subscribers needs a back operation. He can get it done privately in a matter of weeks but it’s expensive. As he needs treatment to do his job he asked HMRC if he could claim a tax deduction. It said no, but is this right? More...

DIVIDENDS

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. Will this cause trouble with HMRC? More...

EXPENSES

Business seminars - are they always tax deductible?

You’re considering attending a weekend seminar for work. Because it includes accommodation and meals it’s pricey. If you can get tax relief for it you’ll go, so can a tax deduction be claimed or not? More...

BENEFITS

Cycle to work - is there a price cap?

Better weather is finally here and you’re considering a cycle-to-work scheme. The trouble is the companies marketing them set a price cap of £1,000 and you have your eye on a bike worth more. Is there a way to get what you want? More...

BENEFITS

Grab some extra tax-free perks while there’s still time

The 2017/18 tax year ends on 5 April. If you want to take advantage of the trivial benefits exemption for this year, you need to do it by then. What can you spend your company’s money on tax and NI free? More...

BENEFITS - EXEMPTIONS

Training costs - tax relief, yes or no?

As a self-employed trader the cost of keeping up to date in your chosen field is tax deductible, but not the cost of learning new skills. The latter can be very expensive, so are there any steps you can take to qualify it for tax relief? More...
Last updated: 16.08.2019

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