Taxable Benefits in Kind and Expenses Payments - HMRC publishes statistical analyses for 2004/05

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HMRC's online Library now includes detailed analyses of the various types of benefits in kind and expenses payments that were provided for employees in the 2004/05 tax year. The Tables also look at the period 2001/02 to 2004/05 so that trends can be identified, such as the reduction in employees provided with company cars.

The figures show, for example, that

• 1.2 million employees had company cars, with average tax and NICs liabilities of £1,190 and £460 respectively
  
  
• the most popular benefit is private medical and dental benefit, with an average reportable value of £550.

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Taxable Benefits in Kind and Expenses Payments

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