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
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.
Later this year, the government is expected to publish a white paper encouraging employers to take more responsibility for the health of their employees. Among the many incentives which can be offered is the Cycle-to-Work scheme. The scheme is an annual tax exemption which allows employers to loans cycles and related safety equipment to employees … Continue reading Cycle-to-Work Scheme: The Wheel Deal?