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RE: Visa Sponsorship
Under HMRC rules, the employer’s £7,500 contribution for visa sponsorship may qualify as tax-exempt if deemed a “relocation expense” necessary for work. The £7,500 loan to the employee, if interest-free and below £10,000, is not taxable as a Benefit-in-Kind (BIK) and need not be reported. However, ensure the loan agreement is formalized, and deductions comply with employment law. Confirm eligibility for relocation exemptions via HMRC’s guidance (link) and consult a tax specialist or ICS Legal (icslegal.co) for tailored compliance advice.