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HR news

Payrolling of benefits

Holly Jay
31st October 2014 by Holly Jay

Every employer knows that the taxation of employee benefits and expenses payments can be complex. Different rules for tax and NIC, the £8,500 ‘lower paid employee’ threshold and the reimbursement of travel and subsistence costs are just a few areas where it is easy to slip up if insufficient care is taken.

 The government is now looking at a number of ways in which the taxation of employee benefits can be simplified. Consultation documents have been issued for various options, and employers are encouraged to make representations until 9 September. Some changes will be implemented from April next year.

Redundancy resources on XpertHR

Jade  Sweeney
31st October 2014 by Jade Sweeney

Highly paid public-sector executives who receive redundancy payments only to return to work within a year will need to repay the taxpayer, the Treasury has announced.

Detailed legislative proposals mean that individuals earning more than £100,000 who take a new job in the same part of the public sector within 12 months of being made redundant will have to repay all or some of their redundancy payment.

 

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