Reference Entry

benefits in kind

Edited by Jonathan Law

in A Dictionary of Law

Ninth edition

Published in print June 2018 | ISBN: 9780198802525
Published online June 2018 | e-ISBN: 9780191840807
benefits in kind

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Goods or services supplied by an employer to an employee. A director or employee receiving benefits in kind from his employer (and, sometimes, from third parties) is (generally) subject to income tax on the cost suffered by the employer in providing the benefit (Income Tax (Earnings and Pensions) Act 2003 s 63–220, extended by Finance Act 2016 s 7)....

Reference Entry.  62 words. 

Subjects: Law

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