What we think

Benefits in kind – Making Good

Benefits in Kind – Making Good “Making good” is where an employee gives something (usually a cash payment) to their employer in return for a benefit in kind. Making good has the effect of reducing the cash equivalent of the benefit in kind, often to zero.  This avoids a tax charge arising on the benefit… Read more

Self-certification Of Employee Share Schemes and Online Filing of Share Scheme Forms

From April 2014, all share schemes will need to be self certified by employers, as well as employers also having new online filing obligations for annual returns. Further guidance has been issued regarding the introduction of self-certification and online filing, which will apply to all employee share schemes, including non tax advantaged arrangements. This will… Read more