Business Asset Disposal Relief Earlier this month we posted a reminder about Business Asset Disposal Relief (BADR) for Capital Gains Tax, what it...
EMI Options – Business Asset Disposal Relief
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Employee Benefits Articles
Claiming for mobile phones
When an employer incurs costs for the provision of mobile phones to employees it is important to understand the correct tax treatment of these...
PAYE settlement agreements
A PAYE Settlement Agreement (PSA) allows employers to make one annual payment to cover all the tax and National Insurance due on small or irregular taxable expenses or benefits for their employees.
On your bike – cycle to work exemption
The Cycle to Work scheme was introduced over 20 years ago to help promote the use of healthy ways to commute to work using an environmentally friendly mode of transport.
The scheme allows employers to provide bicycles and cyclists’ safety equipment
Exempt loans to employees
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
Car fuel benefits for employees
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
A reminder of trivial benefit rules
Trivial benefits in kind (BiK) rules provide an opportunity to give small rewards and incentives to employees. Learn more!
Tax treatment of incentive scheme awards
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
Make the most of tax-free trivial benefits
Trivial benefits in kind (BiK) exemption applies to small non-cash benefits and can provide small rewards & incentives to employees.
Tax treatment of incentive award schemes
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
Exempt beneficial employee loans
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