KPMG gives staff free London travel

Accountancy firm KPMG is to give all its UK staff free travel on London’s public transport system as part of a new environmental scheme aimed at reducing carbon dioxide emissions.

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Comments

oystercard

oldersimon | | Permalink

Well if there is a benefit in kind - presumably initially the cost of the card - it won't be much because there is a £3 deposit and everything else goes to fares (in fact I think there's a promotion for it this week so you don't pay a deposit - more good news for KPMG. Private use will be a benefit but most of what they do will presumably be for business.

I save money with mine - mostly because I don't have to put money in the bus ticket machines which don't give you tickets...

listerramjet's picture

OK but

listerramjet | | Permalink

are they also paying the tax on the BIK, or does this escape that?