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Benefits to employees

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Benefits to employees

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by Tax Tutor.
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  • January 2, 2018 at 6:51 am #426983
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 155
    • ☆☆☆

    Sir costs of benefits provided to employees, other than obv those of capital nature, are deductible trading expenses?

    January 6, 2018 at 12:27 pm #427417
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Each benefit is dealt with separately but if benefits are assessable as employment income then tax relief will be available to the employer – this will also include certain capital benefits like a company car where the the cost of the car will be eligible for capital allowances and the running expenses will be treated as a trading deduction

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