Sarah Bradford highlights tax exemptions which can be used to provide tax-free benefits-in-kind to employees.
The income tax legislation contains a number of exemptions for benefits-in-kind. By making use of exemptions, it is possible to boost an employee’s remuneration package tax-free.
This article highlights ten popular benefits-in-kind which can be made available to employees free of tax and National Insurance contributions (NICs), and without any employer NICs charge either.
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Mobile phones
Mobile phones are ubiquitous. A tax exemption enables an employer to provide an employee with a mobile phone, which can be used privately without an associated tax charge arising.
The exemption only applies where a mobile phone is made available for the employee’s use without ownership being transferred to the.
