Introduction
In particular circumstances, an employer may wish to provide security to an employee, for example, to employees who face physical dangers because of their role.
Security
There is a deduction for security measures provided by an employer, or someone working on their behalf, to an employee. The following requirements must be met:
- •
there is a threat to the employee’s personal safety
- •
the threat wholly or mainly arises by reason of the office or employment
- •
the sole object in bearing the cost of the security is to protect the employee from the threat
- •
in the case of a security service, the benefit resulting is wholly or mainly of an improvement in the employee’s personal physical security
- •
in the case of a security asset, the provider intends it to be used solely to improve the employee’s personal physical protection
ITEPA 2003,
Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+™
Access this article for free with a 7 day trial of Tolley+™ Guidance and benefit from:
- Expert practical tax guidance
- Ready-made templates, step-by-step-guides, interactive flowcharts and checklists
- The latest news updates, insights and analysis
Popular Articles
Class 4 national insurance contributions
Class 4 national insurance contributionsWhat is Class 4 NIC?Class 2 and Class 4 national insurance contributions (NIC) are paid by self-employed individuals and partners in a partnership on their profits arising within the UK. This guidance note considers Class 4 contributions. For Class 2
Carried-forward losses restriction
Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to
Class 1 v Class 1A
Class 1 v Class 1AClass 1 and Class 1AClass 1 and Class 1A are the categories of NIC that can be charged on expenses reimbursed and benefits provided to employees. These classes are mutually exclusive. A benefit cannot be subject to both Class 1 and Class 1A NIC. Three requirements must be met
