With particularly complex rules, getting the tax on employment benefits right for directors and employees can seem like a minefield.
Recent research by The Global Payroll Association showed that errors in this area are routine. Its survey revealed that 25% of employees responding had been wrongly paid: and that 11% of these errors related to benefit and other payroll deductions.
In our latest briefing note, we refresh some of the basics, and highlight some common pitfalls, to help keep your business in the clear.
Working with you
Getting the tax right on benefits is anything but intuitive. It’s essential to know what’s taxable and what’s not, and to make sure that your business is correct in applying any exemption. Clayton & Brewill would be happy to provide more detail. Please do get in touch.
