Do you have an employee suggestion scheme in place? There are still commercial and tax advantages to setting up such a arrangement. HMRC offers two tax-free award schemes that can be made available to employees:
Encouragement awards - for good
The Cycle to Work scheme was introduced in 1999 to help promote a healthy commute to work.
The scheme allows employers to provide (technically loan) bicycles and cyclists’ safety equipment to employees as a tax-free benefit. Where the scheme
Director shareholders are wont to ensure that they pay the lowest amount of tax and NIC consistent with their obligations under the relevant legislation. For many years, director shareholders have followed a high dividend, low salary extraction
1 July 2017 - Due date for Corporation Tax due for the year ended 30 September 2016.
6 July 2017 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.
19 July 2017 - Pay Class 1A NICs (by the 22 July