Here are the tax implications relevant to providing a gift/event to best please your employees, whilst also being financially sensible.
Offering benefits to your employees has a number of advantages. If you’re deciding whether you could be providing them, consider these potential positives…
The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet of flowers given occasionally
We can assist you to complete and submit your P11d (Employee Benefits Reporting) forms to HMRC on an annual basis.
Managing your accounts, tax returns and VAT can be difficult. Our services aim to keep things simple, so you can focus on what you’re best at.
We support limited companies from a range of sizes, sectors and situations, so they can make the correct decisions, as supported by the data.
The deadline for submitting the 2019-20 forms P11D, P11D(b) and P9D is 6 July 2020. Employees must also be provided with a copy of their P11D by the same date.
Employers pay Class 1A National Insurance contributions on most benefits. If you provided
An Employee Car Ownership Scheme (ECOS) is a set of arrangements whereby employees acquire cars from a specified, often single source and within a specified financing framework. The use of an ECOS can effectively be seen as a halfway measure between