Salary sacrifice schemes designed to save tax and NI have become very popular. But according to the Taxman in many cases the conditions for them to be effective haven’t been met. Now he’s on the hunt
for those concerned...
Published 20.01.2010
From April this year, the amount of tax-free childcare that higher rate taxpayers can receive was cut by up to half. But a loophole in the rules might allow you to claim the full amount. What’s the
full story?
Published 31.05.2011
Your company did well in its first year of trading and so you decided to vote yourself a bonus. The second year was less successful, and there’s now not enough cash to pay the bonus, but will HMRC
still expect the PAYE tax and NI?
Published 01.11.2013
You’re considering introducing Income Protection Insurance as a staff benefit. What’s the most tax-efficient way of doing this for directors and other employees, especially if there’s a claim?
Published 23.04.2009
As an optional benefit, you intend to offer mobile phones to your staff as part of their salary package as you’ve heard that it’s tax efficient. However, what’s the best way to ensure that the costs
to you are limited?
Published 14.10.2014
It’s the season of goodwill for 2006 so why not extend this to yourself, by taking an extra bonus or dividend? But which is best - is it always the case that one method is more tax-effective than the
other?
Published 07.12.2006
Can your company pay for your golf club membership without any tax consequences for you? According to one of your colleagues it can. Too good to be true? What’s the full story here?
Published 26.04.2007
Existing salary sacrifice schemes have been given a stay of execution from the new anti-avoidance rules. However, events might trigger them sooner. As an employer what steps can you take to prevent
this?
Published 20.02.2017
A colleague has told you that he keeps his part-time employees’ wages to below £8,500 pa. This way he can top up their earnings with benefits-in-kind which are tax-free at this level. Is this
something you could do?
Published 17.01.2008
You would love to get a nanny to provide expert childcare in your own home, but you just can’t afford one. However, a friend says she’s going to use a new tax break to pay for her nanny from April.
How is that possible?
Published 10.03.2005