Employment Issues Tax
Concise information on the tax issues relevant to both employers and employees. Click on the links below to access the relevant details.
An exemption regime applies for employee expenses which results in the expenses not only being tax exempt but non reportable on form P11D. This factsheet considers the necessary conditions that must be met for this exemption to apply.
The tax and NIC exemption for employer-contracted childcare and employer-provided childcare vouchers has been very popular with both employers and employees alike. This factsheet outlines the exemptions available.
National Insurance contributions (NICs) are essentially a tax on earned income. The NICs regime divides income into different classes: Class 1 contributions are payable on earnings from employment, while the profits of the self-employed are liable to Class 2 and 4 contributions. This factsheet highlights the areas you need to consider and identifies some of the potential problems.
Retaining and motivating staff are key issues for many employers. The Enterprise Management Incentive enables options to be granted to employees which may allow the shares to be received without any tax bill arising until the shares are sold. This factsheet gives an overview of EMI.
Travelling and subsistence expenditure incurred by or on behalf of employees gives rise to many problems. This factsheet highlights the main areas to consider in deciding whether tax relief is available on travel and subsistence.