P11D Benefits in Kind
P11d Benefits If you have a team of employees, you have several options for rewarding them in addition to paying wages or a salary. One of the most flexible options is to offer benefit in kind, also known as fringe benefits. Benefit in kind take several different forms, which we’ll describe later, and they can…
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Electric Cars As more and more businesses consider more sustainable and eco-friendly ways to operate, we are seeing an increase in the acquisition of electric cars. There are tax surrounding electric cars, and they are: The company car that is available for an employee’s private use will usually attract a benefit in kind charge. As…
Read MoreMobile Employees
For income tax, the basic principles from which to start are that an individual who is resident in a country will generally be taxed in that country on their worldwide income, but regardless of residence, an individual who is physically present and working in a country will be liable to tax in that country on…
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A supply of electricity is charged at the standard rate of VAT, other than a supply for domestic use, which is charged at the reduced rate of 5%, and low-level usage in other settings which is ‘deemed’ domestic use, also 5%. Supplies of electricity from charging points, although small amounts, do not meet the conditions…
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