Personal tax - Employee benefits and expenses


This can be a really tricky subject for many businesses. Without using the right documents, the Taxman is sure to come down hard


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Agreement
Employee loan agreementTo avoid a payment to an employee/director being treated (and taxed) as additional salary, you could reclassify it as a fixed-rate loan. What documentation will HMRC need to be convinced about this?Inexpensive financeThe income ... Read more
15 Dec 2009
Credits: 1
doc
Policy
Employees' incidental overnight expenses policyIf an employee has to stay away overnight on business, there are some tax and NI-free expense payments you can make. To achieve this you'll need to have a company policy in place to avoid an employee claim... Read more
05 Oct 2009
doc
Policy
Electronic devices policyWhen removing the Home Computer Initiative back in 2006, HMRC accidentally opened the door to charging tax on private use of any electronic device, such as a laptop or tablet, provided to employees by their company. How can y... Read more
04 Jun 2009
Credits: 1