Tax is quite complicated enough, add a few employee benefits and it becomes a web of confusion. The table below will help explain our current understanding of the Tax and National Insurance Contributions (NIC) regulations for a wide range of employee benefits:
The information provided is based upon research online. Hooray Health & Protection are not tax consultants and this document should not be constituted as advice. In the event of any query, you may wish to seek advice from an accountant.