Employmentbenefits

Beyond salary, many employers offer additional benefits such as private medical insurance, gym memberships, life assurance or other perks designed to attract and retain staff. Most benefits in kind have a taxable value that needs to be reported to HMRC, and both the employer and employee may face additional liabilities as a result of providing them.

Some benefits are structured to be more tax-efficient than others, and the way a benefit is provided, funded or made available to staff can significantly affect its treatment. Getting the reporting right, typically through payroll or an annual return, is essential to avoid penalties. We can help you design a benefits package that works for your business and your people.