All Tax-efficient benefits articles – Page 24
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Sony Pictures Entertainment launches bikes-to-work
Sony Pictures Entertainment has launched a bike-to-work scheme this month and is also considering introducing matched contributions to its existing payroll giving scheme.The bike launch is being used to promote an environmentally-friendly culture at the organisation.Roger Fairhead, vice president of international compensation and benefits, said: "This is to promote health ...
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Crack-down on bikes by HMRC?
HM Revenue & Customs (HMRC) is set to investigate and make an example of employers that run tax-efficient bike-to-work schemes outside of the rules, according to one tax expert.Staff must use their bike for at least part of the journey between home and work, or between workplaces, and it is ...
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Brighton & Hove City Council introduces bikes-for-work
Brighton & Hove City Council has introduced a cycle-to-work scheme for its 9,000 employees.Working on a salary sacrifice basis, the scheme gives each employee opportunity to receive tax and national insurance relief on the portion of their salary that they put towards the bike.Helen Marshall, travel plan officer, said: "We ...
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CAA refines strategy and provides a bike scheme
The Civil Aviation Authority (CAA) has launched a cycle-to-work scheme this month after requests were made for the benefit following staff surveys.Employees were asked what benefits they wanted as part of a feasibility study into a flexible benefits scheme. However, the CAA has decided not to go ahead with flex ...
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McDonald's staff purchase discounted bikes
Employees at McDonald's have bought more than 650 bikes through its cycle discounts scheme, which closed last month.Staff were able to purchase discounted bicycles and accessories for themselves, as well as for family and friends through the 'On your bike' scheme which was open for two months from 1 May.Approximately ...
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Firms launch schemes to coincide with Bike Week
A number of employers are set to launch cycle-to-work schemes to coincide with Bike Week.North Wales Fire and Rescue plans to use the week, from 16-24 June, to highlight the launch of its scheme which is provided by Halfords.Peter Jones, health and safety manager, said: "Bike week lets us give ...
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Product in focus: Bikes-for-work
Apart from being eco-friendly and a healthy source of cardiovascular activity, cycle-to-work schemes also bring tax benefits, says Debbie LovewellArticle in fullBicycle loans, or bikes-for-work schemes, are a government-supported initiative designed to promote greener transport options.They are mostly operated through a salary sacrifice arrangement, whereby employees agree to give up ...
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Strathclyde fire service launches bikes-for-work
Strathclyde Fire and Rescue is launching childcare vouchers and bikes-for-work for its 3,500 staff.Europe’s second largest fire authority is set to introduce childcare vouchers later this month to help employees maintain a work-life balance. Elinor Walton, human resources adviser, said: “We have sent communications out to say that childcare vouchers ...