Non-taxable payments or benefits for employees
Expenses payments and benefits are not always taxable. There are some useful exemptions available.
Some of the most common tax-free benefits are:
- Pension contribution.
- Medical treatment abroad.
- Health screening and medical check ups.
- Nurseries and playschemes.
- Childcare vouchers.
- Other employer-supported childcare.
- Certain living accommodation.
- Payments by your employer towards additional household costs where you work at home.
- Certain retraining costs.
- Employer-funded or employer-reimbursed training.
- Long service awards.
- Suggestion schemes.
- Car, motorcycle and bicycle parking.
- Work to home travel provided when you work late or when sharing arrangements are disrupted.
- Work buses and subsidies to public buses.
- Christmas or other annual party
- Sports facilities.
- Mobile phones.
- Bicycles and cycling safety equipment.
- Loans under £10,000.
- Employee shareholder share.
- Approved share options.
Date: 6th August, 2014
Articles from this Author
20th July, 2017
Uncertain times for winding up transactions
3rd July, 2017
9th June, 2017
27th April, 2017
Government places Making Tax Digital legislation on hold
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole