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Post-Christmas Employer Support

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Promoting employee health and wellbeing is increasingly seen as a vital part of a successful business. According to government figures, in 2016/17, 1.3 million workers suffered from work-related ill-health, which equated to 25.7 million working days lost. This has been estimated to cost £522 per employee, and up to £32 billion per year for UK […]

Small Company Christmas Allowance

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Although there is no specific Small Company Christmas Allowance, or any other employer-provided social function, HMRC do allow limited tax relief against the cost of holding an ‘annual event’ for employees, providing certain conditions are met. Broadly, the cost of staff events is tax deductible for the business. Specifically, the legislation includes a let-out clause, which […]

Income Tax on Bonuses

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In the lead up to Christmas and the end of the financial year for many businesses, some directors and employees may be fortunate enough to be thinking of a bonus. If this is the case, it might be worth reviewing income tax on bonuses beforehand to see if there is a risk of suffering effective […]

Work Place Pension Contributions

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An increase in the minimum work place pension contributions employers and their staff must pay into their automatic enrollment pension scheme took effect from 6 April 2019. From that date, the employer minimum work place contribution has risen from 2% to 3%, while the staff contribution also increased from 3% to 5%. As part of the ‘phasing’ […]