Tax Relief on ‘Interventions’ As we have reported before, a new Health and Work Assessment and Advisory Service is to be set up to support employees returning to the workplace after a period of sickness. This Service may recommend treatments (interventions) which, if paid by the employer, would normally constitute a benefit-in-kind on the employee. [...]
When employees obtain air miles or other rewards when they pay for business travel and subsistence is there a benefit that must be reported for tax purposes by the employer? Prompted, no doubt, by extensive recent discussion on the Linkedin website, HMRC has clarified the tax status of air miles, petrol tokens, credit card points [...]
Is the taxable value of a benefit the amount incurred in the tax year it was provided or in which the cost was incurred?
In general, unless more specific calculation rules apply, the Benefits Code states that the taxable value of a benefit provided to an employee is the cost incurred by the employer in providing it. Section 203 of the Income Tax (Earnings and Pensions) Act 2003 states, in part: The cash equivalent of an employment-related benefit is [...]