THE subject of motoring benefits falls under the ambit of what is commonly named as “fringe benefits”. These are awarded to an employee by the employer to save the employee from taking out of their pocket.
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It must be granted in respect of office or to a holder of an office or in respect of employment services or other gainful occupation.
To determine whether or not the right to use of a company car is subject to a particular tax rate; taxable benefit is determined using engine capacities of the particular compa
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