The Isle of Man Treasury Income Tax Division has issued Guidance Note (GN) 40 - Expenses and Benefits in Kind Guide 2021, dated 5 May 2021. --- Introduction This guide is designed to provide employers and tax practitioners with information about how to comply with their obligation to ensure that expenses and benefits in kind are correctly reported and charged to income tax and National Insurance, as appropriate. It provides information regarding: what should be reported and when expenses and dispensations how the benefit in kind rules operate how to identify and value each type of benefit the various exemptions...