Article Database - Topic: 'Expenses' - Keyword: 'Benefits-in-kind'

 
Employer-paid expenses - when must you declare them? Publication date: 03.03.2020
Article database » Expenses » Benefits-in-kind
The general tax and NI exemption for job expenses might not apply if the expense is met directly by the employer. If you wrongly miss expenses off Forms P11D it can land you in big trouble with HMRC. What should you be reporting?
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A working holiday - is it tax deductible? Publication date: 04.02.2020
Article database » Expenses » Benefits-in-kind
One of our subscribers has arranged to tack on a few days to his family holiday so he can visit a few prospective clients. His accountant has told him that he can’t claim any of the costs relating to the trip. Is this correct?
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Tax on personal use of business accommodation Publication date: 26.06.2019
Article database » Expenses » Benefits-in-kind
You’re working on a long-term contract that keeps you away from home. You’ve rented an apartment for six months to keep costs down. Will you be taxed if you use the flat at weekends or your family visits?
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No more tax relief for subsistence? Publication date: 05.11.2015
Article database » Expenses » Allowances
No more tax relief for subsistence?..Business meals. The rules allow businesses to pay tax and NI-free sums to directors and employees to cover the cost of meals they buy while on business. However, the government now says that the tax and NI treatment is out of date. It proposes to abolish the relief, with the exception of payments for meals where...
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Retrospective expenses payments and P11Ds Publication date: 09.09.2015
Article database » Expenses » Benefits-in-kind
In late 2015 a company reimburses a director’s expenses incurred in 2014/15 and shows the cost in its accounts for that year. Should it now submit a P11D for 2014/15 and will that trigger a penalty as the filing deadline has passed?
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Business trip accommodation expenses not deductible Publication date: 23.06.2015
Article database » Expenses » Benefits-in-kind
Each week you travel to another part of the country on business and rent a flat there to save on hotel bills. Surely that’s a tax deductible business expense? The tribunal didn’t think so; why?
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Maximising the training costs tax break Publication date: 02.04.2013
Article database » Employees » Training
The cost of training your workforce is tax deductible for your business and a tax and NI-free benefit for them. But can this exemption extend to non-employees, say a member of a director’s family?
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Is keeping your workers warm a taxable benefit? Publication date: 04.02.2013
Article database » Benefits » Personal
If you raised the heating a notch or two to keep your staff warm in the recent cold snap, you probably didn’t worry about the tax consequences. But what’s the position if instead you provide clothes to keep your workers warm?
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Is the provision of clothing taxable? Publication date: 04.12.2008
Article database » Benefits » Remuneration package
A number of our subscribers have asked what the tax consequences are if they provide clothing to their company directors and employees. If there are benefit- in-kind tax and NI charges, how can these be reduced or avoided?
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Training as a director Publication date: 19.07.2007
Article database » Employees » Training
A recent court case looked at whether the costs of attending courses as required under a contract of employment were tax deductible for an employee. What about courses you go on as a director?
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