Taxation on Benefits from Employment

As you probably know, most Benefits in Kind (e.g. company car, free or subsidised accommodation and preferential loans) received from your employer are taxable.

Benefits which your employer provides for any member of your family or household are also taxable.

You are also chargeable to tax with respect of perquisites from your employer (remuneration in non-monetary form) e.g. shopping vouchers, club subscriptions and medical insurance payments.

However there are some items requiring clarification!

Brian Dignam is Director in OSK. Contact OSK for all your tax and accounting services on 01 439 4200.

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