文档介绍：GROUP: Financial service Subject: e Tax
.Benefit in kind --- the definition of employment e given earlier in this chapter included benefits in kind (which is referred to in ITEPA 2003 simply as “benefits”). Benefits consist of e received in the form of goods or service, rather than money. For the purpose of assessing benefits, employees are divided into two classes,“P11D employees”and “lower-paid employees”: (a) P11D prise those employees who earn at least 8,500 per annum and pany directors, the only exceptions are full-time working directors who earn less than 8,500 pa and control no more than 5% of pany’s ordinary share capital, employees must submit a form P11D to HM revenue and customs for each such employee for each tax year, listening the employee’s benefits and any reimbursed expanse (unless covered by a dispensation). (b)All other employees’ are-non-P11D employees or “lower-paid employees”.
The cost of providing a benefit is the additional cost borne by the employer as a consequence of providing that benefit. This rule was established in the case of pepper v hart (1992) which concerned the provision of school places for the children of masters at the school, it was held that the cost of this provision for tax purpose should consist only of the additional costs borne by the school (. extra food and laundry costs) rather than the average cost per pupil which would