HMRC has made changes to its 480: Expenses and benefits – a tax guide.
The 480(2018): Expenses and benefits guidance contains information on tax law relating to expenses payments and benefits received by directors and employees.
Sections 18.1 – scholarships; 18.3 – Scholarships, ‘fortuitous’ awards; 21.17 – provision of living accommodation, benefits or facilities connected with living accommodation; 24.1 – procedures to be followed by employer and employee; and 25.1 – guidance on completion of forms P11D have all been updated.
