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
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
One of your longest serving employees is getting married and you intend to buy a gift. You’re keeping it simple with a voucher they can spend online. Is it more tax efficient for you to buy it
personally or for your business to pay?
Published 16.09.2019
You buy season tickets and discount cards for your staff to lower the cost of business travel. They’re also used by staff for private journeys, which saves them hundreds of pounds a year. Should you
report this as a taxable benefit?
Published 19.02.2019
You’ve heard that workers who socialise together may be more productive. You want to give the theory a try by putting some money behind the bar for an occasional social evening. Would this trigger a
tax bill?
Published 16.10.2019
Your firm’s Christmas bash is a few days away. It’s cost you £125 per head so far, but you expect this figure to rise. You’re worried the per-head cost will exceed £150 and so the tax and NI
exemption for such events will be lost. How can you prevent this?
Published 11.12.2019
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
Generally, gifts you make to your employees are taxable as benefits in kind unless they are covered by a specific exemption. However, are they taxable if the gift is being made for private reasons?
Published 18.02.2022
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
As in many companies, directors are required to use their personal mobile phones to make business calls. What’s the most tax-effective way to get reimbursed for these calls?
Published 01.02.2006