Liz Hughes comments on how to add value to staff rewards without adding to your tax and National Insurance contribution liabilities this Christmas.
We all live in our own model of the world”. Those of you who are fortunate enough to have some knowledge of Neuro Linguistic Programming will have heard and understood this statement. The fact is that each of us sees and evaluates everything around us according to our nature and our life...
Paul Tew looks at whether the taxman is playing the part of Santa or Scrooge this Christmas.
There are no tax laws which relate particularly to Christmas.
However, a number of general measures apply which render any employer-made reward subject to tax and National Insurance contributions (NICs), unless a specific exemption or HM Revenue & Customs (HMRC) dispensation exists....
Liz Hughes asks whether organisations that provide Christmas parties and bonuses really get value for their money in these recession-hit times.
What is the motivation behind the provision of a Christmas party or bonus at this time? Somewhere in the dim and distant past we can assume that this was to show appreciation for the efforts of staff and provide a formal “thank you”. Is this still the view held by employers and...
