Tax on your fringe benefits

Article Abstract:

Fringe benefits are non-cash items given to an employee by an employer in addition to their pay. Taxpayers do not pay tax on some fringe benefits. The tax they pay on other benefits, including company cars, relates to the cost of the item to the employer. The 23 fringe benefits which are tax-free include subsidized meals, employer contributions to pension schemes, annual staff parties up to a ceiling of 75 pounds sterling per year, and nurseries with some employer input.

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Fringe benefits

Article Abstract:

Advice is given for the most commonly taxed job perks, such as company cars, childcare schemes and relocation packages, with ways suggested for reducing taxable income.

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Self-employment

Article Abstract:

Financial advice is given for the taxing of income earned by self-employed people, with ways suggested for reducing the amount paid on taxable income.

Self-employed persons, Self employed persons

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