Tax on your fringe benefits
Article Abstract:
The Inland Revenue has various ways of treating non-cash income received by employees. Some fringe benefits are always taxable, while others are taxed according to recipient's circumstances. People who earn less than 8,500 pounds sterling a year will not normally have to pay tax on a company car. Directors will always pay tax on their benefits in kind, expect in certain circumstances.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Tax on your fringe benefits
Article Abstract:
Employees may have to pay tax on fringe benefits or benefits in kind. Such benefits are mainly items provided by an employer in addition to salary. Taxable benefits may be tax-free for employees earning under 8,500 pounds sterling annually. Company directors must pay tax on their fringe benefits, unless they fulfill certain conditions.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Tax on your fringe benefits
Article Abstract:
A guide to taxation on fringe benefits in the UK is presented, with focus on distinguishing between tax free and taxable benefits, and different rules for company directors.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2000
User Contributions:
Comment about this article or add new information about this topic: