WHY ICELAND WON

摘要

When does a business expense become a benefit in kind? It is not as clear cut to those in our profession as the public might wish to believe. You may have noticed that Iceland's tax dispute with HMRC over its trip to Disney Florida has concluded in the taxpayer's favour. Iceland, previously named as one of the 20 best big companies to work for, hit the news headlines last year when, after taking 800 of its area and regional managers to Walt Disney World Florida in 2009 for a five-day conference at a cost of £5,000 per person, it became public that HMRC wanted to tax the 'benefit'. So when does a business conference become a taxable benefit?