Tax rules on company mobile phones clarified
HMRC has issued guidance on the tax rules for company mobile phones for employers.
The section 319 guidance states that there is no tax charge unless the mobile phone can be converted into money by the employee, and this is limited to one mobile phone given to an employee as well as any line rental or the cost of any private calls for that phone paid for by the employer.
Read more at the Accountancy Daily.
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