Company tax - Employee benefits and expenses

Employee homeworking expenses policyWhere an employee works from home you set a policy explaining the terms and conditions that will apply in connection with proper performance of their job. This should include details of equipment and services you w... Read more

Employee travel expenses policyResponsibility for determining whether business expenses reimbursed to employees and directors are exempt from tax and NI rests with the employer. Therefore, it's good practice to have a travel expenses policy in place. ... Read more

Employee - provision of home telephone policyIf one or more of your employees work from home and need a landline phone for work purposes, you might agree to provide the equipment and pay the rent and call charges. HMRC may argue that a benefit in kin... Read more

Employee loan letterWhere an employee or a director owes their employer more than £10,000 at any point during a tax year, a taxable benefit in kind arises. You need to work out the cash equivalent of this. Use this letter to write to any employees w... Read more

Election for share value to ignore restrictionsIf shares are acquired because of an individual's employment, they are liable to an income tax charge on the difference between the market value of the shares and the price paid by an employee, but specia... Read more

Payrolling benefits in kind letter to employeeHMRC usually collects tax on benefits by adjusting an employee's code number so that extra tax is collected, through the PAYE system, each time they are paid salary. Payrolling achieves the same result but... Read more

Employee expenses claim formWhere an employee or director claims expenses from your business you should ask them to provide details for your accounting and tax records. The need to keep recordsEach employee who claims business expenses over the year ... Read more

Employees using their own cars for business policyIf employees use their own vehicles for business journeys, you should have a company policy which spells out the situation regarding insurance, parking and mileage rates at which you will reimburse th... Read more

  PAYE SETTLEMENT AGREEMENT LETTERHMRC ...................................................................(insert address)................................................................................................................................. Read more

Employee expenses policyResponsibility for determining whether business expenses reimbursed to employees and directors are exempt of tax and NI rests with the employer. To aid with this it's good practice to have an expenses policy in place. Evidence ... Read more