Employment benefits
You'll learn how to identify and calculate taxable employment benefits—a core topic in TX and ATX papers that examiners test regularly.
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Introduction to employment benefits
- 0:33 Taxable benefits and trivial benefit threshold
- 1:18 Exempt benefits overview
- 2:47 Relocation costs and £8,000 exemption
- 4:03 Subsidised facilities and working from home
- 4:33 Beneficial loans and £10,000 limit
- 5:22 Gifts, entertainment and other exemptions
About this lesson
This lesson covers the key distinction between taxable benefits (like company cars and private healthcare), trivial benefits under £50, and exempt benefits (such as mobile phones for business use, workplace parking, and gym facilities). You'll work through practical examples including the £8,000 removal expense threshold and the £10,000 beneficial loan limit, both of which appear frequently in exam questions. By the end, you'll be confident calculating the monetary value of non-cash remuneration and applying the exemption rules that often trip up students.
Duration: 6m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Advanced Taxation course
All 365 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in