Employee Benefits

FEBRUARY 28, 2022

The Edelman Trust Barometer, published in January 2022, found that businesses and non-governmental organisations (NGOs) are seen as competent and effective drivers of change. Donations are tax-effective because they are taken from gross pay, which means the charity get more of employees’ donations and it costs the donor less.

Gross Pay 122

Gross Pay Retail Payroll Government 122

Employee Benefits

JULY 3, 2023

Share incentive plans (Sips) were introduced in the UK in 2000 as a type of employee share scheme aimed at helping employees, who can purchase shares or be awarded free shares in the company, to save in a tax-efficient way. If the shares are sold after withdrawal, no capital gains tax is due. Are there any potential tax issues?

Gross Pay 105

Gross Pay Taxes Government Salary 105

cipHR

NOVEMBER 15, 2021

It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.

Pension 98

Pension Gross Pay Payroll Deductible 98

Employee Benefits

SEPTEMBER 6, 2023

Bikes-for-work schemes are tax-exempt arrangements that encourage employees to cycle to work to reduce environmental pollution and promote healthier lifestyles. Are there any potential tax or legal issues ? The appeal of bikes-to-work schemes may, in part, lie in the potential national insurance (NI) and tax savings.

Gross Pay 59

Gross Pay Net Pay Taxes Deductible 59

Employee Benefits

NOVEMBER 30, 2023

The payments can be made either through a salary sacrifice arrangement from gross pay or from a net pay arrangement. Are there any tax or legal issues? The home technology scheme is a benefit in kind (BIK) and can be reported via payrolling of taxable benefits or a P11D after the end of the tax year.

Technology 59

Technology Net Pay Gross Pay Retail 59

cipHR

MARCH 27, 2023

Any payroll outsourcing company will need to be able to factor in benefit-in-kind tax when it comes to working out payroll. E: EPS (employer payment summary) Part of the real-time information submission made by an employer to HMRC. I: Income tax year The annual period over which an individual’s income is assessed, and tax due.

Payroll 52

Payroll Outsourcing Payroll Payroll Software Family and Medical Leave Act 52