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Search results: 98 article(s) found in topic: Benefits - keyword: Benefits-in-kind

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HMRC tweaks guidance on tax-free phones


Can you choose who to offer a tax-free perk to?

You want to use tax and NI-free perks to improve the value of salary packages for some of your staff. Paying for pensions advice is one possibility but HMRC’s conditions make it tricky to target this tax break. Is there a workaround? More...


Deadline for 2018/19 PAYE settlements


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...


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...


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...


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...


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...


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...


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...
Last updated: 01.04.2020

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