by admin | Aug 24, 2023 | Employee Benefits |
The Cycle to Work scheme was introduced over 20 years ago to help promote the use of environmentally friendly modes of transport. The scheme allows employers to provide bicycles and cyclists’ safety equipment to employees as a tax-free benefit. The scheme...
by admin | Jun 15, 2023 | Employee Benefits |
There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions or exemptions. For example, there is no requirement to report employees’ medical or dental treatment or insurance if they are a part of...
by admin | May 18, 2023 | Employee Benefits |
There are a number of government approved share schemes which offer tax advantages to employees. The approved schemes are Share Incentive Plans (SIPs), Save As You Earn (SAYE) schemes, Company Share Option Plans (CSOPs) and Enterprise Management Incentive (EMI)...
by admin | May 11, 2023 | Employee Benefits |
A P11D form is a form used by employers to list certain ‘benefits in kind’ provided to directors or employees. P11D forms are used to provide information to HMRC on all Benefits in Kind (BiKs), including those under the Optional Remuneration Arrangements...
by admin | Mar 2, 2023 | Employee Benefits |
Share Incentive Plans (SIPs) were first introduced in July 2000 to give employees tax and NICs savings when they buy or are given shares in the company they work for. Provided all the qualifying conditions are met, shares which are obtained under a SIP are not liable...
by admin | Feb 23, 2023 | Employee Benefits |
The list of miscellaneous company benefits that can be provided tax-free to employees is quite short. However, some of the benefits that can be provided include the following: Medical insurance or medical treatment for employees working abroad. One annual medical...
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