B

    An alternative tax-efficient way to reward loyal staff

    The tax legislation includes an exemption for staff long-service awards, but the qualifying conditions are tough and the tax-free reward isn’t generous. Is there a better alternative?

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Non-taxable benefits - 27275

    Certain benefits, usually made available to all employees, are exempt from charge, as shown in the table at ¶27280. For trivial benefits not exceeding £50, see ¶27410.

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Non-taxable benefits - Equipment and communication - Home internet access - 27327

    The tax status of the provision of internet access at the employee's home for work purposes depends on the nature of the arrangements with the provider, and is summarised in the table below....

    Employment taxes - Therapy exemption - minor benefits

    Therapy exemption - minor benefitsThe employment income tax legislation includes exemptions for so-called minor benefits. This shouldn’t be confused with trivial benefits - there are separate...

    Tax-exempt commuting

    Normally if a business pays the commuting costs for a director or employee it counts as a taxable benefit in kind. However, a tax and NI exemption applies in some circumstances. When does it...

    Tax-free therapy now allowed

    Tax-free therapy now allowed..Minor benefits. Tucked away in the corner of the employment income tax legislation is an exemption for so-called minor benefits. This isn’t to be confused with...

    Life insurance - getting your company to pay

    Life insurance premiums are necessarily expensive but some are cheaper than others. However, you can cut the cost further by getting your company to pay. How do you set this up?

    How exempt are your training costs?

    One of our subscribers is running a two-day training session for some of his staff. He’ll cover their costs for attending. He’s happy that the main expenses, e.g. the hotel, are tax exempt...

    Can you choose who to offer a tax-free perk to?

    You want to use tax and NI-free perks to improve the value of salary packages for some of your staff. Paying for pensions advice is one possibility but HMRC’s conditions make it tricky to target...

    Important change to cycle-to-work scheme

    Important change to cycle-to-work scheme..Tax-free perk. The cycle-to-work scheme encourages employers to help their employees go green by getting on their bike to commute to work. Where an employer provides...