Fringe benefits are often used to provide employees and company owner directors with tax efficient ways of receiving remuneration. The rules taxing fringe benefits have changed over the years and as a result, some perks that were tax efficient in the past are no longer attractive, while others have become worth considering.

Levels and bases of, and reliefs from, taxation are subject to change and their value depends on individual circumstances.

This publication is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The Financial Conduct Authority (FCA) does not regulate tax advice, so it is outside the investment protection rules of the Financial Services and Markets Act and the Financial Services Compensation Scheme. This publication represents our understanding of law and HM Revenue & Customs practice as at 31 January 2019.