Tag: Tax on Employment

Tax Free Awards
HMRC

Tax Free Awards | Rewarding Employee

Working out the tax-free limit for a financial benefit award is slightly more complicated. The limit depends on the savings that the suggestion is expected to yield and the number of awards that are made.

Flipping Private Residence Relief
HMRC

Flipping Private Residence Relief

Where a property has been let, making it the main residence for a period also opens up the opportunity of letting relief to further reduce the gain. The period as a main residence can be after the period of letting.

Tax code changes for 2018-19
HMRC

Tax code changes for 2018-19

Tax underpayments or the tax due on benefits in kind may be collected through the PAYE system. The tax code is based on the net amount of the allowances less deductions.