UK - The Inland Revenue has removed an anomaly which had led to the "double counting" of car and fuel benefits in tax calculations.
Benefits provided by an employer are subject to income tax if the employee earns more than £8500 a year. All benefits – including car and fuel concessions – received by an employee are counted i...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders