½Û×ÓÊÓƵ

Honoraria

Produced by a Tolley Employment Tax expert
Employment Tax
Guidance

Honoraria

Produced by a Tolley Employment Tax expert
Employment Tax
Guidance
imgtext

An honorarium is a cash payment made to an office holder for performing a service which is voluntary in nature, often in a separate organisation. The payment has no contractual basis and usually the amount is small in comparison with the employee’s normal rate of pay for performing their employment duties.

When are honorarium payments appropriate?

An honorarium is an acknowledgement that an individual has been involved in certain activities not arising from their employment, and that, in relation to those activities, no other form of reward will be made. Payment is primarily made for two reasons, the first may be recognise the valuable service given and the second may be to ensure that a particular role is filled and / or the duties covered.

Honoraria may be paid at a standard fixed rate or a variable sum. This may be

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by
  • 18 May 2023 10:10

Popular Articles

Losses on shares set against income

Losses on shares set against incomeUsually, allowable capital losses can only be set against chargeable gains. If the losses are not fully utilised against gains in the year in which they arise, the excess is carried forward to use against future gains. See the Use of capital losses guidance note

14 Jul 2020 12:12 | Produced by Tolley Read more Read more

Double tax relief

Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on

14 Jul 2020 11:31 | Produced by Tolley Read more Read more

Capital allowances on cars

Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2

14 Jul 2020 11:08 | Produced by Tolley Read more Read more