Instead of paying out membership fees and having the hassle of travelling to a gym each time he feels like working out, our subscriber wants his company to cover the cost of a gym at his home. How
tax efficient would this be?
Published 30.10.2019
Benefits in kind are usually more NI efficient than salary. However, the opposite can be true for director shareholders who receive a low salary, perhaps topped up with dividends. What savings are
possible and how can you take advantage?
Published 13.10.2017
One of our subscribers is installing a TV in the firm’s common room. He hopes football-mad staff will spend their breaks watching there rather than skiving off to watch at home. The idea also has
potential tax advantages. What are they?
Published 29.05.2014
A new tax exemption for perks took effect on 6 April 2016. It applies to all employees, but there are special rules for directors. What are they, and how can you work with them to take maximum
advantage?
Published 18.04.2016
A friend has told you that he and his wife are taking a tax-free luxury weekend away on the company. Apparently, because the business has been running a long time HMRC allows this. Is this something
you can take advantage of?
Published 03.02.2020
Changes proposed to the benefits in kind rules might mean you can make personal use of your company’s credit card, tax free, for up to 18 months. How can you take advantage of this?
Published 12.06.2017
New rules for “making good” benefits in kind apply for 2017/18, including a change to the deadline. What do employers and employees need to know?
Published 15.01.2018
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?
Published 16.04.2019
In April 2016 a new method for taxing job-related perks through the payroll takes effect. The trouble, especially for directors, is that the value of perks can change over the course of a tax year.
How will the new system work in this situation?
Published 07.03.2016
One of our subscribers has been making good use of discounts and other incentives offered with his mobile phone contract. He’s worried that because it’s a company phone the Taxman will treat these as
a taxable benefit. Is he right?
Published 03.10.2011