Benefit in kind not taxed

Rocksolid

Thanks, but this is only in UK, this is out of mind everywhere else.

sheramber

Different countries, different tax systems.

calcotti

Rocksolid said:

Thanks, but this is only in UK, this is out of mind everywhere else.

So you think you are fully conversant with the tax law of all countries in the world !

I would be very surprised if most countries do not have similar rules around benefits in kind otherwise it appears easy for businesses and employers to circumvent income tax on earnings. There is an overview here https://shieldgeo.com/benefits-in-kind-a-country-comparison/

Rocksolid

calcotti said:

Rocksolid said:

Thanks, but this is only in UK, this is out of mind everywhere else.

So you think you are fully conversant with the tax law of all countries in the world !

I would be very surprised if most countries do not have similar rules around benefits in kind otherwise it appears easy for businesses and employers to circumvent income tax on earnings.

What are you talking about?

This is just UK I guess, never heard absurd things like this one, if the employer gives you a benefit, he will pay also taxes, as well as when I claim money back for the lunch, who pays taxes? Me??? Of course the employer, he doesn't ask me to pay the 20% VAT!!!

When they purchased a laptop for me, who paid taxes?? Hell the boss of course!

calcotti

Here is a detailed document explaining how benefits in kind work in the USA. Very similar approach to U.K. https://www.irs.gov/pub/irs-pdf/p15b.pdf

In UK if HMRC know you are receiving benefits in kind your Tax Code is adjusted so that the tax due is deducted from your monthly pay is PAYE. As with any in year change tax due is not always collected through PAYE in which case you will be told by HMRC that you them tax - as in your case.

Rocksolid

In USA the taxation is less than half and all is private, really something you can't compare.

Companies give so may different benefits and allowances, and they need to cut in everyhow to survive.

oldbikebloke

Rocksolid said:

In USA the taxation is less than half and all is private, really something you can't compare.

Companies give so may different benefits and allowances, and they need to cut in everyhow to survive.

then when moving to a different country it is always wise to spend some personal time researching how the rules work instead of ranting about how "different" it is, as all that shows is you apparently can't be bothered to educate yourself and adapt

there are a huge number of USA ex pat websites explaining how to live in the UK - including what side of the road we drive on in case you are in Cambridgeshire