Making employee benefits tax efficient
Tools & Resources
Key learnings
- Having a comprehensive package of benefits can help you attract and retain the best talent
- Remuneration packages should be structured in a tax efficient way to maximise your offer to your employees
- Non-taxable benefits include things like retirement benefits, meals provided in a staff canteen, parking provided at or near the place of work and workplace nursery places
- Benefits should be reported to HMRC by filling in annual P11D forms
- New rules were introduced in 2017 around salary sacrifice schemes
In a competitive jobs market, employers often have to sell themselves to applicants in order to secure the best talent. A comprehensive package of benefits can ensure that you get the skills you need to help your business grow. Here, Ryecroft Glenton explains the tax implications of employee benefits.
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