You offer your staff an optional remuneration arrangement as an alternative to part of their salary. You’ve now been told that you must account for VAT on the value of the arrangement. Does this mean
you owe HMRC a stack of cash?
Published 08.04.2021
In January, the rules on employee benefits-in-kind changed and can now mean VAT is payable in situations where it didn’t apply before. But is this extra cost to your business a tax-deductible
expense?
Published 14.05.2012
While salary sacrifice is a valuable tax planning tool, since April 2016 it can’t be used in some situations. HMRC has warned employers that doing so puts them at risk of penalties. What’s the full
story?
Published 28.06.2016
You’re with your accountant and about to sign off your firm’s annual accounts. There’s nothing unusual in this year’s figures, but actually they might contain hidden VAT charges. Why and what should
you be doing about them?
Published 02.03.2017
If you provide your employees with benefits in kind as an optional alternative to salary, special anti-avoidance income tax rules apply. Are there also VAT aspects you need to consider?
Published 18.09.2023
Just weeks after saying that VAT must be paid on certain employee benefits from January, the Taxman has announced a concession. What’s the full story?
Published 03.11.2011
You’ve heard there are tax, NI and other advantages to giving your employees vouchers instead of other types of benefit-in-kind. What are these and what are the tax and NI breaks?
Published 20.03.2012
Apart from paying salary to your workers it’s likely you’ll make other financial transactions with them, such as providing benefits-in-kind (BiKs) and reimbursing business expenses. But where do you
stand with the Taxman on these?
Published 18.10.2011
You probably know that most employee perks are liable to income tax, but in some cases the employer will also have to account for VAT on these. When does this rule apply and can you reduce or avoid a
VAT charge?
Published 10.05.2013
Tax free childcare has been delayed by court action and amended in the Autumn Statement. It’s now scheduled to be introduced in 2017. When it arrives how and when will it affect employer childcare
schemes?
Published 07.03.2016