Do you find yourself switching off when your Accountant starts talking about P11d and benefits in kind?
Avanti Accountants aim to speak with our clients in plain English, ensuring that when it comes to your accounts you’re switched on.
This week we are asking, do you know what a benefit in kind is?
Benefits in kind are defined as – Non-cash items used to reward staff. They are given a notional cash value however which you do need
to pay tax on. Examples include company cars and health/life assurance.