Benefits In Kind
Benefits may be defined as everything, not in the form of money, which an employee (and members of his family or household) receives from the employer or from other persons, by virtue of the employee's job. A simple description would be "perks of the job".
Employers are required to operate the Employees Tax Instalment ("ETI") Scheme on benefits.
Please see the pdfs below for further information.
Document downloadsBenefits in Kind Explanatory Guide 2013 What are benefits in kind and how are they taxed? Benefits in Kind Statements of Practice Further clarification on benefits in kind Benefits in Kind Return 2009 BinK Return 2009 Benefits in Kind return 2010 BinK return 2010 Benefits in Kind return 2011 BinK return 2011 Benefits in Kind return 2012 2012 Benefits in Kind Letter to Employers (Oct 2008) BinK Emp Ltr Benefits in Kind Letter to Software Providers (Oct 2008) BinK Software Ltr
The Director (Income Tax)(Opening Hours - 8.30am to 4.00pm Mon- Fri) , Income Tax Office, PO Box 37, 2 Cornet Street, St Peter Port, GY1 3AZ, Guernsey
Tel: +44 1481 724711 Fax: +44 1481 713911