In the last of our series on SMEs Peter Davies of Vantis plc explains how to make the most of tax- and NIC-free benefits and expenses
There seems very little that employers can do to reduce the burden of PAYE income tax and National Insurance contributions (NICs). Whilst MPs have special rules to ensure that their second home allowances expenses company cars and termination payments are not taxable we feel as though there is little scope for us to do the same. Or is there?
A number of employer-provided benefits have tax and or NI exemptions and many employers are making the most of them often offering the benefits to employees on a salary-sacrifice basis. This means that employees are effectively paying for the benefits out...
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In the last of our series on SMEs Peter Davies of Vantis plc explains how to make the most of tax- and NIC-free benefits and expenses
There seems very little that employers can do to reduce the burden of PAYE income tax and National Insurance contributions (NICs). Whilst MPs have special rules to ensure that their second home allowances expenses company cars and termination payments are not taxable we feel as though there is little scope for us to do the same. Or is there?
A number of employer-provided benefits have tax and or NI exemptions and many employers are making the most of them often offering the benefits to employees on a salary-sacrifice basis. This means that employees are effectively paying for the benefits out...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
