Taxation of in-house employee benefits

Article Abstract:

The tax treatment of in-house employee benefits in the UK remains undetermined as the House of Lords has not yet arrived at a final decision in the Pepper v. Hart case. Once settled, the case will establish once and for all if the value of in-house employee benefits, such as free air fare for employees in the aviation industry or low-cost school places for children of school officials, is to be considered as the marginal cost or the average cost. While waiting for the case to be resolved, the Inland Revenue is asking for the creation of practical arrangements for in-house benefits provided in 1992-93 and earlier. The Inland Revenue also stated that it will respect previous arrangements reached with tax offices for benefits given in 1991-92. The Revenue also expressed its willingness to help employers make practical arrangements for identifying and reporting the cost of in-house employee benefits.

Employee benefits

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Travelling hopefully; tips on traveling economically and in comfort between Scotland and London

Article Abstract:

Taxation on travel tickets is explained by the president of the Institute of Taxation. First class train travel is usually not economical, with exceptions on weekends with Bargain First tickets. Alternative arrangements are detailed. Air service provides more opportunity for savings and various economy plans are described. Bus service is also mentioned.

Railroads, line-haul operating, Travel, Economic aspects, Transportation, Air travel, Railroad travel, Bus travel, Great Britain

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