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Tax treatment of employee benefits and expenses

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HMRC has published new guidance on how to treat certain expenses and benefits provided to employees during coronavirus. The guidance covers a number of benefits in kind and exemptions, including: living accommodation (including provision relating to temporary workplaces and lodging expenses where an employee cannot return home), volunteer fuel and mileage costs, paying or refunding other transport costs, free or subsidised meals, company car ‘availability’ (for example, where an employee is working from home and retains access to a company car), salary sacrifice (variation of existing arrangements), employer-provided loans, taxable expenses where employees work from home, and how to report such expenses and benefits to HMRC.

Issue: 1487
Categories: News