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Employee Benefits

Still time to repay private fuel costs and avoid tax charge
Employee Benefits

Still time to repay private fuel costs and avoid tax charge

BySimon April 16, 2025

Use a company car for personal trips? Avoid a hefty tax charge by reimbursing your employer for private fuel by 6 July 2025. It’s called “making good” – and it could save you a chunk in

Read More Still time to repay private fuel costs and avoid tax chargeContinue

Tax and employee suggestion schemes
Employee Benefits

Tax and employee suggestion schemes

BySimon April 16, 2025

Have you set up a suggestion scheme for ideas that could save or earn you money? Employee suggestion schemes can offer up to £5,000 tax-free for valuable input — and even £25 for smaller

Read More Tax and employee suggestion schemesContinue

Make the most of trivial benefit payments 2025-26
Employee Benefits

Make the most of trivial benefit payments 2025-26

BySimon April 10, 2025

Small gifts can mean big tax savings! Use the trivial benefits exemption in 2025-26 to reward employees with non-cash perks under £50 – no PAYE, no P11D, and no NIC. A smart, simple way to say

Read More Make the most of trivial benefit payments 2025-26Continue

What is a salary sacrifice?
Employee Benefits

What is a salary sacrifice?

BySimon March 6, 2025

A salary sacrifice scheme lets employees swap cash salary for non-cash benefits, saving tax and National Insurance. But earnings must not fall below the National Minimum Wage, and life events may

Read More What is a salary sacrifice?Continue

Check or update company car tax details
Employee Benefits

Check or update company car tax details

BySimon February 13, 2025

If you use a company car for private travel, it’s taxed as a Benefit in Kind (BIK). The tax rate depends on the car’s list price and CO2 emissions—low-emission vehicles get tax breaks. Use

Read More Check or update company car tax detailsContinue

Payrolling employee benefits
Employee Benefits

Payrolling employee benefits

BySimon January 16, 2025

Employers can voluntarily register to report and account for tax on certain benefits and expenses via the RTI system before the start of the tax year. This process, known as payrolling, eliminates the

Read More Payrolling employee benefitsContinue

Tax-exempt employee loans
Employee Benefits

Tax-exempt employee loans

BySimon January 16, 2025

Beneficial loans, where employees benefit from cheap or interest-free loans from their employer, can trigger tax implications. However, certain exemptions, like loans under £10,000 or qualifying

Read More Tax-exempt employee loansContinue

Advising HMRC of employees’ company car details
Employee Benefits

Advising HMRC of employees’ company car details

BySimon January 2, 2025

Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit reporting, learn what steps to take for private use and specific exemptions.

Here are the steps you

Read More Advising HMRC of employees’ company car detailsContinue

Using the car fuel rates
Employee Benefits

Using the car fuel rates

BySimon January 2, 2025

Advisory fuel rates for company cars help employers and employees manage fuel costs without triggering tax liabilities. Learn how to use these rates to avoid tax, especially car fuel benefit

Read More Using the car fuel ratesContinue

Not so Trivial Tax Benefits
Employee Benefits

Not so Trivial Tax Benefits

BySimon September 19, 2024

There is a trivial benefit-in-kind (BiK) exemption for small, non-cash employee benefits. This exemption applies to BiKs classified as ‘trivial,’ helping employers simplify the handling of these

Read More Not so Trivial Tax BenefitsContinue

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