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Does it pay to provide benefits in kind?
  1. Andy Moore

    Andy Moore is a partner in the Moore Scarrott Partnership, based in Wellington, Somerset, providing specialist accounting, taxation and practice management advice to the veterinary profession.


TRADITIONALLY, veterinary assistants have typically been provided with a range of benefits in kind - for example, a company car, living accommodation, professional subscriptions, and funding for CPD costs and time. These have always been perceived by practices as being a tax-efficient way of remunerating staff. But given recent developments, is this still the case? In this article, Andy Moore outlines the current tax situation with regard to a range of benefits and goes on to consider whether the provision of a benefits package remains effective - from the point of view of both the practice and its staff.

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