Emma is the sales director of a company. She earns an annual salary of £95,000 together with a bonus (received in September each year) based on the company's profits for the accounting year ending on the previous 30 June. She also receives a general expenses allowance of £8,000 per annum, which she uses for business travel and entertaining. The company provides her with a new BMW motor car every two years and pays all running costs. She has an interest-free loan from the company of £20,000 and the company pays her annual subscription to a private medical insurance scheme, costing £1,850. Explain the taxation implications of each of the elements of Emma's remuneration package.