Tax On Freebies

[bhg481]

I know that freebies such as private health care have a notional value which is added to salary and taxed. Will this apply to the use of a corporate box at Arsenal for Keir Starmer and the clothes given to his wife?

[davebro3]

short answer - no

[barry1010]

Taxable freebies are benefits paid for by the employer, as part of the pay package.

The frocks and box are gifts from friends and supporters, not the same thing.

[1ozzy]

A corporate box at Arsenal?

They should be given an OBE for accepting that.

But I'll wait for the photos of what his wife wears,,

[bhg481]

Interesting, dave. How does it differ from health care? All the gifts were given because of the job he was in so, to me, are a parallel to health care.

[bhg481]

barry - thanks; I see the difference now.

[theshedman]

I would have thought these type of gifts should be taxable just like a Taxi drivers tips are taxed.  Sounds like they have been given to them because of the job they do just like a taxi driver.  Or do the rules change when it's an MP getting stuff free. 

[bhg481]

Good point, shedman

[Hymie]

As I’ve posted many times on this site, I work for a FTSE100 company – all employees are explicitly banned from accepting bribes of any kind; however staff are permitted to accept gifts to the value of £25.  Anyone found flouting this rule will be dismissed for gross misconduct.

 

Quite why the great and the good, responsible for running the country (on a salary many times the average of a UK employee) are not similarly banned from accepting bribes, is a mystery to me.

[Hopkirk]

I think they count them as political donations.