480 (2019) Expenses and benefits

22 February 2019

The 480 expenses and benefits tax guide has been updated to reflect changes for the 2019-20 tax year.


The 480 tax guide explains the tax law relating to expenses payments and benefits received by directors and employees. It also explains the tax law relating to the valuation of non-cash benefits received by any taxpayer:

on or after 6 April 1998 in connection with the termination of employment and from an employer-financed retirement benefits scheme.


New content and revisions in the 480 are marked with a green line in the margin.


480: Expenses and benefits – a tax guide