As we think about expenses and benefits, the Global Payroll Associations wants to draw your attention to some guidance that was recently updated. This guidance is relevant even if you are payrolling benefits as it details the benefits and expenses that are not regarded as beneficial to the employee.
The guidance talks about the following:
- Accommodation, supplies and services on the employer’s business premises
- Supplies and services provided to you other than on the employer’s premises
- Free or subsidised meals
- Meal vouchers
- Expenses of providing a pension
- Medical treatment abroad and helping employees return to work
- Health screening and medical check-ups
- Childcare (Nurseries and play schemes, vouchers and other employer-supported childcare)
- Certain living accommodation
- Payments by the employer towards additional household costs for homeworkers
- Incidental overnight expenses
- Travelling expenses of directors
- Travelling expenses of group company employees
- Travelling and subsistence expenses following strike disruption
- Disabled people’s cost of travel between home and work
- Certain retraining costs
- Employer-funded or employer-reimbursed training
- Long service awards
- Suggestion schemes (and resulting encouragement awards and financial benefit awards)
- Goodwill entertainment
- Car, motorcycle and bicycle parking
- Certain gifts
- Work to home travel provided when working late or when sharing arrangements are disrupted
- Work buses and subsidies to public buses
- Christmas or other annual party
- Sports facilities
- Travelling from offshore rigs to the mainland
- Working Rule Agreements
- Counselling
- Mobile phones
- Bicycles and cycling safety equipment
- Loans for a purpose that attracts tax relief in full
- Employee shareholders
It is possibly worth looking at the list of Extra Statutory Concessions for the full list, however, the above are the most common according to HMRC.
As we think about expenses and benefits, the Global Payroll Associations wants to draw your attention to some guidance that was recently updated. This guidance is relevant even if you are payrolling benefits as it details the benefits and expenses that are not regarded as beneficial to the employee.
The guidance talks about the following:
- Accommodation, supplies and services on the employer’s business premises
- Supplies and services provided to you other than on the employer’s premises
- Free or subsidised meals
- Meal vouchers
- Expenses of providing a pension
- Medical treatment abroad and helping employees return to work
- Health screening and medical check-ups
- Childcare (Nurseries and play schemes, vouchers and other employer-supported childcare)
- Certain living accommodation
- Payments by the employer towards additional household costs for homeworkers
- Incidental overnight expenses
- Travelling expenses of directors
- Travelling expenses of group company employees
- Travelling and subsistence expenses following strike disruption
- Disabled people’s cost of travel between home and work
- Certain retraining costs
- Employer-funded or employer-reimbursed training
- Long service awards
- Suggestion schemes (and resulting encouragement awards and financial benefit awards)
- Goodwill entertainment
- Car, motorcycle and bicycle parking
- Certain gifts
- Work to home travel provided when working late or when sharing arrangements are disrupted
- Work buses and subsidies to public buses
- Christmas or other annual party
- Sports facilities
- Travelling from offshore rigs to the mainland
- Working Rule Agreements
- Counselling
- Mobile phones
- Bicycles and cycling safety equipment
- Loans for a purpose that attracts tax relief in full
- Employee shareholders
It is possibly worth looking at the list of Extra Statutory Concessions for the full list, however, the above are the most common according to HMRC.