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Posted Mon, 06 Mar 2023 14:57:36 GMT by Joanna Emmitt
A client has requested that his Self-Assessment tax return preparation fees is paid by his company, of which he is a director. If the cost of this is less than £50 can it be exempt from BIK ? Is there a specific allowance for the fees to be classified as a business expense, as I cannot seem to find the relevant guidance / legislation.
Posted Wed, 08 Mar 2023 10:09:30 GMT by HMRC Admin 25
Hi Joanna Emmitt,

This is not a business expense as it is not an expenses that needs to be incurred in the performance of his work.

For benefit in klnd please refer to guidance here: 

Employment Income Manual

Thank you. 

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