Employee Benefits Articles

Tax breaks for company bikes

Tax breaks for company bikes Cycling to work benefits your health, your wallet and the planet. Fortunately, employers can support this in a tax-efficient way. Indeed, the Cycle to Work scheme offers valuable savings for everyone involved. Below, we explain how these tax breaks for company bikes actually work.   How the scheme works Firstly, employers can usually provide bicycles and cycling...

Employee benefits: Are you creating tax problems without realising it?

Employee benefits: Are you creating tax problems without realising it? Providing benefits and covering expenses for employees forms a common part of running a business. However, you must understand the tax implications. In fact, a benefit that looks simple or low value can trigger unexpected reporting obligations. Moreover, it may create additional tax and National Insurance liabilities if...

Employee travel expenses

A guide to employee travel expenses and reporting requirements Managing employee travel expenses can feel complex. However, the rules are clearer than many employers realise. Indeed, certain travel and subsistence costs do not need reporting at all. Therefore, understanding the exemptions can save valuable time and reduce administrative pressure.   When reporting is not required In many...

Tax to pay when you get a pension

You may have to pay Income Tax on your pension if your total annual taxable income exceeds your Personal Allowance....

Paying the 2025-26 Child Benefit tax charge

Taxpayers who need to pay the High Income Child Benefit Charge (HICBC) for 2025-26 may be able to pay it...

New tax return requirements for company directors

Company directors who complete a self-assessment tax return should be aware of new mandatory reporting requirements that came into effect...

Business confidence rises but is it time to invest?

UK business confidence is rising, but only 17% of businesses plan to increase investment in the next three months. Here,...

Late payments: Is your business at risk?

60% of UK SMEs say customers take longer to pay than a year ago, and the average amount owed is...

Corporation tax receipts pass £100 billion

HMRC’s latest statistics show that receipts from corporate taxes passed £100 billion for the first time in 2025-26. Here, we...

New customs system for Northern Ireland trade

From 20 October 2026, businesses moving goods between Great Britain and Northern Ireland must use the new TSS platform. Here,...

Reporting property gains

If you sell a UK residential property, you usually need to report and pay any Capital Gains Tax within 60...

Capital allowances restricted for project development costs

A recent Supreme Court decision means capital allowances will probably be restricted for some predevelopment costs. Here, we explain the...
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