Mr. Gordon PreniticeTo ask the Chancellor of the Exchequer what steps he is taking to ensure that the Inland Revenue obtains accurate declarations from employees of that part of their taxable income derived from the sale of gifts from their employer given to them as an employment benefit. [126743]
§ Dawn PrimaroloEmployees are taxable on the value of benefits or gifts they receive from their employer, regardless of whether they subsequently retain or sell them. Employers are obliged in law to report to the Inland Revenue the value of gifts and benefits they provide to employees, in order that these may be properly taxed.