As the tax year comes to an end it is worth remembering that there is no longer an £8,500 remuneration limit. The benefits code applies to directors and employees.
Also, from 6 April 2016 all dispensations ceased to exist and ITEPA 2003 s289 applies. This exempts from tax business expenses reimbursed on an actual basis without the need for a dispensation to the extent they are tax deductible.
Common items that will be covered by the exemption include:
To find out more download 480 (2017): Expenses and benefits.