News – Page 8
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ArticleGovernment to call for evidence on employer-provided accommodation
Autumn Statement 2015: The government has announced that it will publish a call for evidence on the tax treatment of employer-provided living accommodation.The announcement follows recommendations by the Office of Tax Simplification’s (OTS) report on simplifying the administration of employee benefits and expenses.The call was announced in the Autumn Statement ...
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ArticleGovernment to gather evidence on salary sacrifice
Autumn Statement 2015: The government will continue to consider what action, if any, will be taken around salary sacrifice arrangements.It will gather further evidence, including from employers, to inform its approach to salary sacrifice arrangements.In the Spending review and autumn statement 2015 policy paper, the government expresses its concern at ...
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ArticleEXCLUSIVE: Danwood introduces holiday purchase scheme
EXCLUSIVE: Danwood has introduced holiday buying as a benefit for its 1,140 employees.The printing services organisation is offering the benefit on a voluntary or salary sacrifice basis after its 2014 employee engagement survey revealed that 69% of its staff were interested in purchasing additional holiday. Staff can now purchase up ...
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ArticleBack to basics on tax-free employee loans
Need to know:If employee loans do not go over £10,000 during the tax year, the employer has nothing to report in an annual tax return.A salary advance or loan to help an employee facing hardship counts as an employment-related loan.Writing off a loan should be treated as payment of taxable ...
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58 per cent of teachers say they do not have employee benefits
More than half (58%) of teacher respondents say that they do not have employee benefits, according to research by fleet management firm Tusker.Its survey of 330 teachers also found that just 9% of respondents are satisfied with their current employee benefits package.The research also found:41% of respondents name pay as ...
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Tax-efficient benefits
The latest analysis, news, case studies and opinion in relation to tax-efficient benefits, covering salary sacrifice/optional remuneration arrangements for benefits including cars; childcare vouchers; and bikes for work.
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ArticleDanone sees 82% engagement with car salary sacrifice
EXCLUSIVE: Danone has reported a 82% engagement rate on emails communicating its new salary sacrifice car scheme, which was introduced in September.The organisation also saw 140 active users in the system and more than 50 quotes had been saved in the two weeks following the scheme’s launch.The new scheme aims ...
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ArticleTesco staff to take part in Cycle to Work Day
Tesco staff will be taking part in Cycle to Work Day on 3 September.The annual event aims to encourage workers to cycle their commute for just one day to boost active travel and healthier living.Around 500 organisations representing 800,000 employees, including Tesco’s 300,000 staff, will be encouraged to take part ...
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ArticleGovernment to actively monitor salary sacrifice
Summer Budget 2015: No immediate changes to salary sacrifice schemes were announced by Chancellor George Osborne during his Budget speech yesterday (8 July).However, in the Budget documents it is noted that the government will actively monitor salary sacrifice schemes and their impact on tax receipts.The documents state: ‘Salary sacrifice arrangements ...
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ArticleHow the Budget affects employee benefits
Chancellor George Osborne, announced the Summer Budget yesterday (8 July).Below is a summary of all the key announcements impacting employee benefits:The government is to consult on a reformation of pensions tax relief by publishing a green paper shortly, setting out the various options. These choices range from fundamental reforms, for ...
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ArticleEmployee Benefits/Alphabet Fleet research 2015
The Employee Benefits/Alphabet Fleet research explores how company car schemes are operated among UK organisations and the attitudes of the employers that offer them. The research was carried out in May 2015.The majority of respondents (61%) work in organisations with more than 1,000 employees, across all industry sectors.21% provide a ...
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ArticleBuyer's guide to computer salary sacrifice
The factsWhat is a computer salary sacrifice scheme?An arrangement whereby an employer buys a computer from a computer scheme provider and then loans it to an employee, typically via a flexible or voluntary benefits scheme. The employee repays the cost through their gross pay.Where can employers get more information?Information about ...
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ArticleA guide to tax-efficient benefits
If you read nothing else, read this. .. There are a number of individual tax rules for all tax-efficient benefits. Changes to pensions and childcare vouchers affect their tax position and how employees take the benefits. New tax rules apply to employee share schemes.There is a growing list of tax- ...
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ArticleBuyers' guide to bikes-for-work schemes
The facts:What is the bikes-for-work scheme?It is a tax-exempt scheme that encourages staff to cycle to work to promote healthier lifestyles and reduce environmental pollution. It enables employers to fund bikes and safety equipment and loan them to workers tax free.Where can employers find more information?Additional information can be found ...
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ArticleSantander to discuss salary sacrifice cars at Employee Benefits Connect
Santander will discuss the evolution of salary sacrifice cars at Employee Benefits Connect on 4 March 2015.The session, ‘The evolving world of salary sacrifice cars- now and in the future’, will focus on the future of car salary sacrifice schemes and how communication methods are changing and influencing employee engagement.Attendees ...
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ArticleClyde and Co boosts payroll giving take up
EXCLUSIVE: Clyde and Co has increased take up of its workplace giving scheme after launching a campaign to encourage more employees to give money to charity through payroll.The law firm launched a campaign at the start of January 2015 after identifying that its take up was not as high as ...
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ArticleRamsay Health Care launches salary sacrifice car scheme
Ramsay Health Care UK has launched a salary sacrifice car scheme for 3,000 eligible employees. The provider of independent hospital services in England will offer the scheme to staff working in 36 of its private facilities.It added the scheme to its existing benefits package to assist with attracting new employees, ...
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ArticleEmployee Benefits digital magazine – January 2015
Read this month’s articles in the digital magazine by clicking the links below, or read the online versions by using the links to the right under ‘Related articles’ (these articles will go live in stages during January 2015).There is a growing trend among employers to transform reward and pensions specialist ...
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ArticleEmployee Benefits digital magazine – January 2015
Read this month’s articles in the digital magazine by clicking the links below, or read the online versions by using the links to the right under ‘Related articles’ (these articles will go live in stages during January 2015).There is a growing trend among employers to transform reward and pensions specialist ...
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ArticleNewcastle upon Tyne Hospitals increases car plan take up
Newcastle-upon-Tyne Hospitals NHS Foundation Trust has seen increased take up of its salary sacrifice car scheme.Some 8% of more than 9,600 employees who are eligible for the scheme, which is provided by CPC Drive in partnership with Tusker, have taken up the option to purchase a car.This equates to 645 ...