Скачать или смотреть Provision of Living Accommodation: UK Tax Implications Explained

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In this video, we’ll break down everything you need to know about the tax implications of employer-provided living accommodation 🏠💼. Whether you're an employer or employee, understanding how this benefit is taxed can help you avoid surprises and stay compliant with HMRC rules ✅.

What You’ll Learn in This Video:
What qualifies as living accommodation provided by an employer 🏠
How HMRC assesses the taxable benefit of accommodation 🏷️
Differences between job-related and non-job-related accommodation 🤔
How to calculate the tax on living accommodation, including the annual value 💰 and additional charges for expensive properties 💎
Common exemptions and how to report this benefit to HMRC 📄
Key Points:
The employer is subject to Employer NI (Class 1A) 👨‍💼
The employee will pay income tax at their marginal rate 💸
Employer-provided accommodation must be reported on the P11D form by 6 July following the tax year 📅
Additional tax must be paid to HMRC by 31 January of the following year 📈
There is no Employee NI (Class 1 NI) on benefits, as it’s only subject to Employer NI (Class 1A) 🙌
By the end of this video, you’ll have a clear understanding of how tax on living accommodation works and how to stay compliant with HMRC regulations. 📊

👍 Don't forget to like 👍 and subscribe 🔔 for more tax tips, HMRC updates, and accounting advice!

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Disclaimer: The information provided in this video is for general purposes only and may not apply to your specific situation. For personalized advice, please consult a tax professional.

For any specific tax advice related to the UK and overseas 🏙️, bookkeeping 📚, UK payroll 💼, general accountancy 🧾, or UK VAT compliance 💷, you can easily contact me through my website:

🌐 https://iandiaccountants.com/

Let me help you stay compliant and simplify your accounting needs. 😊

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