Is Salary Sacrifice cost neutral to your business – are you sure? Benefits these days are few and far between so when as a business you are able to offer a benefit that is a “neutral cost” you’d be crazy not to offer this to your staff, wouldn’t you? Be sure to check the small […]
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From 1st January 2012, new rules have come into force on VAT treatment of certain benefits provided under a salary sacrifice scheme. After a ruling in the European Court of Justice, an employer, operating a salary sacrifice scheme, must pay “output” tax on the pay given up by employees. Output tax, which is the VAT […]