Some Employee Perks Are Being Lost and It Could Be Costly

Green & Co feature in the South Wales Argus discussing the tax changes for employee perks. The new tax year has seen a raft of changes, with more legislative reform scheduled to come into effect over the next few years. From changes in dividends, stamp duty, and national insurance (with a U-turn thrown in for good … Continue reading Some Employee Perks Are Being Lost and It Could Be Costly

Tax Free Childcare

The Government’s new Tax-Free Childcare scheme will be phased in across the UK from 28 April 2017, and will replace the current Childcare Voucher Scheme. For the first time, the scheme will not only cover full time employees but also those who are part time, on maternity, paternity or adoption leave and people who are … Continue reading Tax Free Childcare

Some employee perks are losing their tax breaks.

From 6 April 2017 the tax and employer national insurance advantages of a salary sacrifice or salary exchange will be removed, with the exception of: Pensions Childcare (Vouchers, workplace nurseries or directly contracted childcare) Cycle to work Ultra-low emission cars with co2 emissions of or less than 75g/km. Any employees who have swapped their salary … Continue reading Some employee perks are losing their tax breaks.

Update on Tax Free Childcare

Further detail has been released on the new tax free childcare scheme that HMRC are set to debut in early 2017. Under the scheme eligible parents open an online account, which they can use to pay a registered childcare provider. HMRC top up the account with £2 for every £8 paid in, up to a … Continue reading Update on Tax Free Childcare

Tax-Free Childcare

The Government is proposing a new Tax-Free Childcare scheme which will help around 2.5 million working families, which was one of the major announcements in the 2013 budget. HOW MUCH HELP CAN I GET? Eligible families will get 20% of their annual childcare costs up to £6,000 per child, paid for by the Government. This … Continue reading Tax-Free Childcare