Employee expenses tax and vat issues
Even finance professionals have been known to incorrectly code their employee expense claims resulting in unexpected tax treatments. David Vine, managing director of GlobalExpense, explains why the tax and VAT issues relating to employee expense claims is a black hole to many and what employers should do about it.
By law, at the end of each tax year employers must give HMRC particulars of any expense payments, benefits and facilities provided to:
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