Benefit in kind Archives

£1 million annual investment allowance extended

by Lyndsey | 15, Mar, 2021 | Benefit in kind, Investments, NICs, Tax

The Chancellor recently announced that the temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery has been extended to 1 January 2022.

Company vans ruled motor cars for tax

by Lyndsey | 14, Dec, 2020 | Benefit in kind, Court of appeals, Tax, VAT

Your work van may now be taxed as a motor car for P11d benefits in kind purposes. Find out which company vans are impacted by the Court of Appeals ruling.

Christmas and the trivial benefits exemption

by Tax Champion | 17, Dec, 2019 | Benefit in kind, Exemption, Tax, VAT

Thinking about treating your employees to a Christmas party or a festive hamper this holiday season? Save yourself some tax by sticking to the guidelines set by HMRC for tax free gifts and trivial benefits.

Using a PAYE Settlement Agreement to Pay Some of Your Employee’s Tax

by Tax Champion | 14, Nov, 2019 | Benefit in kind

Pay As You Earn Settlement Agreements (PSAs) are arrangements under which an employer can settle the income tax and National Insurance liabilities on benefits in kind and expenses payments provided to employees and officeholders. They were first introduced in the...

£1 million annual investment allowance extended

Company vans ruled motor cars for tax

Christmas and the trivial benefits exemption

Using a PAYE Settlement Agreement to Pay Some of Your Employee’s Tax

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