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STRANDED STAFF MAY FACE TAX BILL
H M writes: I went overseas on holiday and was stranded when flights were stopped by the cloud of volcanic ash. My employer paid for me to stay in a hotel and to return on the earliest available flight. Will I be taxed on the cost of the hotel and the flight?
Employers are able to pay certain business expenses without those payments becoming taxable in the hands of the employee, writes Jon Sutcliffe, partner at Kingston Smith LLP. However, payments of most personal expenses will be taxable once they have been received by employees.
As your extended holiday at the expense of your employer did not have a business purpose, HM Revenue & Customs (HMRC) will treat this as payment of your private expenses. As a result, it will be taxable. Depending on whether the employer reimburses your costs or whether it paid your invoice direct, the tax will be collected through your P11D form or the payroll in the same way as salary. In either case, the National Insurance will be collected through the payroll.
Worldwide Annual Holiday Insurance
Worldwide Annual Holiday Insurance - Easy Travel Far And Wide
Family Holiday Insurance
It may be more of a passion for you to travel than just a mere holiday planned to rejuvenate yourself. So for such people, multiple vacations are a common thing. While doing so, it is always suggested that you take up worldwide annual holiday insurance which will cover you during your travel.
Through this annual holiday insurance that enables you to travel worldwide, no extra costs will have to be incurred on insurance every time you plan a vacation. Already the expenses for the vacation are much that this added expenditure every time will cause a further burden on the traveller.
When you are travelling, there can be any accidental expenses like medical emergencies, theft of money and luggage, cancelled flights etc. all these expenses are covered with this holiday insurance that has been obtained by the traveller before hand.
The expense of services like medical, private nursing, ambulance etc may be too high but you cannot think of avoiding them at that time. So through this insurance policy, all these expenses are made easily as the money is reimbursed. In addition, extra expenses incurred in a vacation can be covered by paying extra premium which may include touring etc in the place of holiday.
The travellers are usually offered higher premium rates for obtaining these policies as the coverage of the policy is quite vast. But if lower premium rates are desired, then the traveller can research thoroughly through the online mode. Only after complete satisfaction should the traveller take up an insurance policy for his multiple holidays in a year.
Worldwide annual holiday insurance makes it very comfortable for the travellers by making their travel easy and secure as the safety is the most important aspect that is covered by this insurance policy.
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Going on holiday is a chance to relax and unwind. But in order to make your trip as stress-free as possible, it pays to prepare ahead. Rebecca ...
World Wide Holiday Insurance- News
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