Is PAYE on-line filing incentive taxable?

Is PAYE on-line filing incentive taxable?

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I assume that the on-line PAYE filing incentive is effectively taxable in a limited company as it reduces the salary costs. Am I correct in thinking this?
Ebenezer Scrooge

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By User deleted
12th Mar 2005 14:57

Tax-free
No, I think you'll find it's tax-free income (although simply credited to your PAYE/NIC account unless you scream) and is not a reduction in salary costs.
So, I would credit it to a completely different account so that it's not forgotten in the tax comp.

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