The following Employment Tax guidance note Produced by Tolley in association with Paul Tew provides comprehensive and up to date tax information covering:
An employer may reimburse bank charges incurred by an employee. The income tax, NIC and reporting requirements associated with reimbursement of the bank charges will depend on the reason behind their reimbursement and whether the reimbursement comes within meaning of earnings in ITEPA 2003, s 62. The tax consequences of paying such fees will depend on whether the reimbursement is a benefit to the employee or compensation for loss. It is the construct or rationale behind these payments that will determine the tax and reporting consequences.
All issues regarding bank charges are covered in EIM01010.
If an employer routinely pays an em
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IntroductionSubsistence is the amount incurred as a consequence of business travel. Typically it relates to accommodation and meal costs incurred. These amounts are allowed because they are associated with the necessary travel. See the Travel expenses guidance note for more information of when
This guidance note explains the general rules surrounding the availability of indexation allowance on the disposal of company assets and provides information on the rebasing rules for assets held on 31 March 1982. For an overview of the general position regarding company disposals, please refer to
Maintenance payments are payments made by a taxpayer to their former or separated spouse for the maintenance of that former spouse or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the payments must be made by virtue
What is structures and buildings allowance (SBA)?From 29 October 2018, expenditure on constructing a non-residential building or structure, or in certain cases, expenditure on acquiring such a building or structure, qualifies for an SBA. The following note has been updated for the changes announced
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