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Legal Terms - Benefits in Kind
Benefits provided by an employer to an employee, which can include goods or services. An employer is normally required to pay income tax on the cost of delivering benefits in kind to a director or employee, which may also originate from third parties. This is outlined in section 63-220 of the Income Tax (Earnings and Pensions) Act 2003.
Benefits provided by an employer to an employee, which can include goods or services. An employer is normally required to pay income tax on the cost of delivering benefits in kind to a director or employee, which may also originate from third parties. This is outlined in section 63-220 of the Income Tax (Earnings and Pensions) Act 2003.
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