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.
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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
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