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Search results: 91 article(s) found in topic: Benefits - keyword: Benefits-in-kind

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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...

BENEFITS

How many mobile phones are tax free?

Your company provides you with two mobile phones. Only one can be covered by the special tax exemption. As the bills vary for each phone you want to shift the exemption between phones from month to month. Is this allowed? More...

BENEFITS

Tax and workplace injury or illness

One of your employees has injured themselves at work. There’s no question of liability for your firm, but as a goodwill gesture you want to pay for physiotherapy to aid their recovery. Will it count as a taxable benefit? More...

EMPLOYMENT TAX

Work lotto tickets are taxable - truth or myth?

As a bit of fun and as a goodwill gesture you buy lottery tickets each week for your staff. One of your workers is telling the others that not only is this a taxable perk, but if they win the money they receive will be taxed. Is she right? More...

BENEFITS

Tax and second hand company equipment

You’re renewing the company’s PCs. One of them is less than three years old and far more up to date than your current home computer. If the company gives it to you, what tax charges will arise and can you reduce them? More...
Last updated: 18.10.2018

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