The following Employment Tax guidance note Produced by Tolley in association with Philip Rutherford provides comprehensive and up to date tax information covering:
Car parking can be provided to employees in a number of ways. This guidance note examines each of the different methods in which an employer can provide this benefit.
Where an employer pays for or reimburses an employee for the costs associated with car parking at or near to the employee’s place of work, these amounts are subject to neither tax nor NIC and there are no reporting requirements associated with them.
This exemption is provided by ITEPA 2003, s 237. HMRC’s guidance is at EIM01030.
The exemption covers all vehicles, including bicycles and motorcycles.
This terminology is not covered by a definition within the legislation and HMRC’s internal staff guidance allows for quite a flexible approach. As long as there is a reasonable rationale for the location of the car parking then there should be no tax, NIC or reporting r
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