by admin | Feb 17, 2022 | Employee Benefits |
The car fuel benefit rules only apply to company cars that attract a car benefit tax charge. This means the rules do not apply to fuel provided for use in an employee’s own car. However, employers can pay up to 45p per mile for company related trips in an...
by admin | Nov 18, 2021 | Employee Benefits |
We wanted to remind readers of the trivial benefits in kind (BiK) rules. The BiK exemption applies to small non-cash benefits like a bottle of wine, a bouquet of flowers given occasionally to employees, or any other benefit in kind classed as 'trivial'...
by admin | Nov 11, 2021 | Employee Benefits |
Some companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their own goods and services. The award can include cash-based, vouchers or other gifts. Where an employer meets the tax payable on a...
by admin | Sep 30, 2021 | Employee Benefits |
The trivial benefits in kind (BiK) exemption applies to small non-cash benefits, for example a bottle of wine or a bouquet of flowers, given occasionally to employees. Although the benefit is defined as ‘trivial’, employers should remember that this...
by admin | Sep 2, 2021 | Employee Benefits |
Companies use incentive award schemes to encourage their employees in various ways. For example, to sell more of their own goods and services. The award can be in various forms including cash, vouchers or other gifts. Where an employer meets the tax payable on a...
by admin | Jun 24, 2021 | Employee Benefits |
An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference between the interest the employee pays, if any, and the commercial rate the employee would have to pay on a loan obtained elsewhere....
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