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    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?

    electronic devices policy

    Electronic devices policyWhen removing the Home Computer Initiative back in 2006, HMRC accidentally opened the door to charging tax on private use of any electronic device, such as a laptop or tablet,...

    staff suggestion scheme record

    Staff suggestion scheme recordTax rules permit employers to pay employees a tax and NI-free sum for suggestions to improve the busines. Keep a separate record of such payments to help justify...

    staff suggestion scheme rules

    Staff suggestion scheme rulesYou might want to reward your employees for certain ideas that contribute to the success of your business. Previously by concession, this is now a statutory exemption. However,...