Bank Charges

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Bank Charges

 

If an employer reimburses or pays employees’ bank charges this counts as earnings (and is subject to income tax and National Insurance) unless the bank charges are the employers fault (eg because the employer paid the wages late). If the bank charges were the employers fault, there is no need to report the reimbursement to HMRC.

 

Further information at www.gov.uk/expenses-and-benefits-bank-charges

 

Technical information from HMRC available for income tax and National Insurance