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Benefits and expenses

Expert commentary and practical guidance from ICAEW related to the taxation of benefits and the treatment of expenses under the UK tax regime

In this section

Tax treatment of low emission vehicles

Rebecca Cave explains the tax treatment of low emission vehicles. She details capital allowances, benefits-in-kind, the encouragement of hybrids, OpRA, leased cars, electric vans and the cost of charging – as well as the potential of free charging at work.

Taxing termination payments

Sarah Bradford, director at Writetax Ltd, explains the new rules regarding taxing termination payments applying from April 2018. She covers termination awards, post-employment notice pay and statutory redundancy pay among other things.

Tax avoidance - issues for IPs

With the release of the Paradise Papers, the spotlight has been shone on high profile abuses of tax legislation, where individuals have subverted the letter of the law to reduce their personal tax position, often in the sum of hundreds of thousands of pounds.

Finance (No. 2) Act 2017: a summary

Lindsey Wicks takes a look at what it contains, including information on income tax, investments, trading and property businesses, corporation tax, chargeable gains, domicile and overseas property, disguised remuneration, capital allowances, indirect taxes, reporting and record-keeping, avoidance and more.

Webinars and recordings

Disguised remuneration, contractor loans and the 2019 charge

Since our original webinar in August 2018, several key milestones have passed, more is now known about the information which must be provided, the potential penalties and what help is available. In this webinar, Rebecca Benneyworth reprises the earlier recording and brings viewers up to date.

International digitalisation of tax

The webinar will discuss key findings from the report on how to best manage the modernisation of a tax administration, including examples and anecdotes from the US and China, but also lesser-known stories from the likes of Estonia, Brazil, and Italy.

TAXtalk September 2018

This month the panel discusses IR35, employee benefit trusts and options available to those affected by the new disguised remuneration rules.

TAXtalk June 2018

This month the panel discusses IR35, employee benefit trusts and options available to those affected by the new disguised remuneration rules.

General tax update

Keep up with the latest tax rules - watch our general tax update webinar.

General tax update

Keep up with the latest tax rules - watch our general tax update webinar.

Employment tax round up - 2018

This webinar aired on 13 February 2018, just before Scotland's major shake-up of income tax. In it payroll consultant Kate Upcraft and ICAEW’s Peter Bickley explore what this means for agents and taxpayers, and look at a myriad of other changes in the payroll arena as we approach the start of the new tax year.

Practical guidance

TAXguide 06/19: Termination payments

A new regime for taxing termination payments was introduced from 6 April 2018. TAXguide 06/19 sets out a number of questions in relation to the changes, with answers provided by HMRC.

TAXguide 02/13

Employer taxes and NIC questions and answers as agreed by HMRC and published by ICAEW Tax Faculty.

TAXguide 06/12

Finance Bill 2012: questions submitted by ICAEW Tax Faculty to HMRC in advance of their Finance Bill Open Day with HMRC answers

Markel Tax FAQs

Questions and answers on UK tax issues and trends from the ICAEW Tax and VAT Helpline, a subscription service provided by Markel Tax.

Markel Tax FAQs are correct at the time of going to press. To check current validity, please call the ICAEW Tax and VAT Helpline.

ICAEW Rep 93/18

Short term business visitors from overseas branches.

ICAEW Rep 66/18

Self-funded work-related training for employees and self-employed

Further support

Useful links

Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.

Expenses and benefits A-Z

Government guidance on individual expenses and employee benefits presented in an A-Z list

Expenses if you're self-employed

Guidance on the treatment of company expenses for self-employed taxation explaining different categories of allowable business expenses.

Tax on company benefits

Information aimed at employees about tax on taxable benefits such as company cars, accommodation and loans provided by employers.

Payrolling: tax employees' benefits and expenses through your payroll

Guidance on how to report expenses and benefits provided to employees or directors, explaining which benefits can be payrolled, how to work out the cash equivalent, salary sacrifice, pay periods, situations where the employee pays towards the cost of the benefit, and where an employee’s tax is more than 50% of their pay.

Expenses and benefits: A to Z

Guidance on the tax, National Insurance and reporting obligations for employers providing expenses and taxable benefits to employees on a wide range of topics.

Expenses and benefits for employers

Overview providing guidance on tax and National Insurance on expenses and employee benefits, covering the procedure for submitting a P11D form, deadlines, record keeping, and exemptions and dispensations.

Disguised remuneration further update

Policy paper describing further measures to be implemented in Finance Bill 2017-18 to prevent the future use of disguised remuneration schemes and introduce new charges on disguised remuneration loans regarding self-employment taxation.

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