If actually incurred then taxes are not
levied on these allowances and perks.
Not exact matches
The
allowance was
levied on students at the senior high school level, but that will no longer be charged from the next academic term.
2) Inheritance tax will not be
levied on it as it is below # 325000, but tax will be
levied on # 325000, less # 3000 annual gift
allowance.
To give an idea of the sums involved, if you take a company that employs a thousand people with an average salary cost of # 30,000, then,
on that # 30 million payroll bill the business would pay a
levy of # 135,000 (after deducting a # 15,000
allowance).
Agencies would continue to pay the
levy on their regular employee payroll, and be entitled to the
levy free
allowance as for other employers, so removing the current unfairness.