Search Results for: employee benefits

Electric cars represent a cleaner, greener way to use everyday transport. But they also offer compelling financial incentives for business and personal purchasers. These benefits include:

Relevant work experience has become an essential part of gaining a graduate job after achieving a degree. Internships allow students to explore a profession that is of interest to them, and allows them to gain valuable and practical experience to add to their CVs. Further to this, it increases the graduate’s chances of getting a job as the employer will already be familiar with them.

The rates for business mileage have not changed since 6 April 2011. Although, believe it or not, the average fuel prices for petrol and diesel have actually come down over that same period!

The use of a salary sacrifice arrangement can be a win-win for both employer and employee. But the government is proposing new restrictions.

In his summer budget on 8 July, the chancellor announced a 7.5% dividend tax with effect from 6 April 2016. This dividend is added to the tax already paid on dividends so if you were previously a basic rate taxpayer, you paid no additional tax on any dividends received. From next April you will pay 7.5% on dividend income over £5,000. The first question you will be asking yourself is ‘should I continue to be drawing dividend or should I be switching to PAYE salary’?

Tis the season to be jolly…and for HM Revenue & Customs (HMRC) to tax your good cheer.