Employee Benefits Archives

06 Mar 25

What is a salary sacrifice?

A salary sacrifice scheme lets employees swap cash salary for non-cash benefits, saving tax and National Insurance. But earnings must not fall below the National Minimum Wage, and

13 Feb 25

Check or update company car tax details

If you use a company car for private travel, it's taxed as a Benefit in Kind (BIK). The tax rate depends on the car’s list price and CO2 emissions—low-emission vehicles get

23 Jan 25

Empréstimos Isentos de Impostos para Empregados: Exceções e Requisitos Fiscais

Empréstimos isentos para empregados O que São Empréstimos Beneficiais para Empregados? Empréstimos isentos de impostos para empregados, conhecidos como empréstimos benéficos, são aqueles em que os empregados recebem empréstimos a taxas baixas ou sem juros de seus empregadores. Embora esses empréstimos possam gerar implicações fiscais, existem isenções, como empréstimos abaixo…

16 Jan 25

Tax-exempt employee loans

Beneficial loans, where employees benefit from cheap or interest-free loans from their employer, can trigger tax implications. However, certain exemptions, like loans under £10,000

16 Jan 25

Payrolling employee benefits

Employers can voluntarily register to report and account for tax on certain benefits and expenses via the RTI system before the start of the tax year. This process, known as

02 Jan 25

Advising HMRC of employees’ company car details

Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit reporting, learn what steps to take for private use and specific

02 Jan 25

Using the car fuel rates

Advisory fuel rates for company cars help employers and employees manage fuel costs without triggering tax liabilities. Learn how to use these rates to avoid tax, especially car

19 Sep 24

Not so Trivial Tax Benefits

There is a trivial benefit-in-kind (BiK) exemption for small, non-cash employee benefits. This exemption applies to BiKs classified as 'trivial,' helping employers simplify the

29 Aug 24

Medical and dental care for employees

There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions or exemptions. For example, there is no requirement to

22 Aug 24

Tips at work

Tips received at work do not count towards your earning for the purposes of the National Minimum Wage. However, you are still required to pay Income Tax on these tips and may also

Employee Benefits