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CORONAVIRUS - SALARY SACRIFICE

OpRA transition rules not affected by virus

RETURNS - P11DS

Are you ready for salary sacrifice reporting?

You’ll soon need to prepare Forms P11D for 2018/19. Like many employers this might be the first time you need to include benefits provided to employees through salary sacrifice arrangements. What do you need to know? More...

SALARY SACRIFICE

Less pay for more holiday - what’s the tax position?

One of your employees has asked if she can give up some of her salary for extra holiday. You’re aware that there are special tax and NI rules for sacrificing pay for benefits. How do they apply in this situation? More...

PAYE RETURNS

Salary sacrifice - the day of reckoning is nearly here

Benefits in kind provided in 2017/18 as part of a salary sacrifice scheme need to be reported to HMRC by 6 July 2018. But how do the anti-avoidance rules introduced in 2017 affect the amount you need to show on Forms P11D? More...

CARS

Less tax on optional car benefit

HMRC has changed its view on how you work out the taxable amount where an employee sacrifices pay for a company car. As an employer what do you need to know? More...

REMUNERATION PLANNING

New opportunity for salary sacrifice savings

Opportunities to use salary sacrifice to reduce tax and NI are now very limited, but some arrangements are still possible. With changes to auto-enrolment on the horizon how can you take advantage? More...

BENEFITS

Salary sacrifice - new problems for employers

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? More...

BENEFITS

Salary sacrifice - existing schemes safe for now

PROFIT EXTRACTION

Sacrificing income tax efficiently

Salary sacrifice arrangements are a tried and tested way of reducing tax and NI. But if you’ve already optimised your salary for maximum tax efficiency are they still worthwhile or is there a better alternative? More...

REMUNERATION PLANNING

How to ensure your salary sacrifice saves tax

Salary sacrifice is accepted by HMRC as a legitimate way to reduce tax and NI. However, some employers aren’t meeting the conditions for the schemes to be tax effective. What steps are needed to ensure that your scheme works? More...
Last updated: 03.06.2020

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