benefits in kind
income from employment is taxed under Schedule E and includes not only wages and salaries but also 'perquisites', that is, benefits in kind as opposed to payment in money. At the time of writing, relevant employees are charged on the basis of the cost to the employer of providing the benefit rather than the value of the benefit to the employee.

Collins dictionary of law. . 2001.

Look at other dictionaries:

  • benefits in kind — Benefits other than cash arising from employment. The UK tax legislation seeks to assess all earnings to tax, whether they be in the form of cash or in kind. The treatment of benefits depends on the level of total earnings, including the value of …   Accounting dictionary

  • benefits in kind — Benefits other than cash arising from employment. The UK tax legislation seeks to assess all earnings to tax, whether they be in the form of cash or in kind. The treatment of benefits depends on the level of total earnings, including the value of …   Big dictionary of business and management

  • kind — I [[t]ka͟ɪnd[/t]] NOUN USES AND PHRASES ♦ kinds 1) N COUNT: usu N of n If you talk about a particular kind of thing, you are talking about one of the types or sorts of that thing. The party needs a different kind of leadership... Had Jamie ever… …   English dictionary

  • kind*/*/*/ — [kaɪnd] noun [C] I a type of person or thing Syn: sort I guess I m not the marrying kind.[/ex] The bridge is the largest of its kind in the world.[/ex] We ve all had disappointments of some kind.[/ex] There was no financial link between us of any …   Dictionary for writing and speaking English

  • kind — kind1 [ kaınd ] noun *** 1. ) count a type of person or thing: kind of: What kind of person is she? different kinds of: Many people like to try lots of different kinds of food. of some kind: We ve all had disappointments of some kind. of any kind …   Usage of the words and phrases in modern English

  • benefit in kind — ˌbenefit in ˈkind noun benefits in kind PLURALFORM [countable] HUMAN RESOURCES something other than money, for example free meals or a company car, that an employer gives to a worker in addition to their normal pay: • All benefits in kind are now …   Financial and business terms

  • benefit in kind — UK US noun [countable] [singular benefit in kind plural benefits in kind] business british something that an employee receives from the company they work for, other than their usual pay, for example a car or health insurance …   Useful english dictionary

  • fringe benefits — 1) Non monetary benefits offered to the employees of a company in addition to their wages or salaries. They include company cars, expense accounts, the opportunity to buy company products at reduced prices, private health plans, canteens with… …   Accounting dictionary

  • fringe benefits — 1) Non monetary benefits offered to the employees of a company in addition to their wages or salaries. They include company cars, expense accounts, the opportunity to buy company products at reduced prices, private health plans, canteens with… …   Big dictionary of business and management

  • benefit in kind — UK / US noun [countable] Word forms benefit in kind : singular benefit in kind plural benefits in kind business British something that an employee receives from the company they work for, other than their usual pay, for example a car or health… …   English dictionary

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