Benefits in kind and expenses payments
Benefits in kind are assessed on all directors and employees whose salary and benefits combined are £8,500 or more. Remuneration by way of benefits is often attractive to employees, especially if they are paying the higher rate of income tax, because the benefit may either be tax free or subject to less tax.
This content is only available to our registered users.
Please log in or create a free account, to gain access to our extensive business, personal and tax guides.