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Late-night Taxis

HMRC has issued updated guidance in respect of how the late-night taxi tax exemption should be interpreted. Jim Boylan and Jon Braid of Ernst & Young review the implications for employers

 
HMRC has issued updated guidance in respect of how the late-night taxi tax exemption should be interpreted. Jim Boylan and Jon Braid of Ernst & Young review the implications for employers
 
HMRC has introduced new guidance about the tax and National Insurance (NIC) treatment of taxis provided when employees have been working late. Under the new stringent guidelines there will be more situations where an employee's taxi trip home will be taxable if the cost is met by the employer.
 
Some companies face potential liabilities running into millions of pounds as a result of taxi expenses claimed in...

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