|
|
| |
|
Employment Benefits |
| Today the
remuneration of many directors and employees comprises a
package of salary and benefits. |
|
| |
|
Employer Provided Cars |
| The current
regime for taxing employer provided cars (commonly
referred to as company cars) is intended to encourage
manufacturers to produce cars which are more
environmentally friendly and to give employee drivers
and their employers a tax incentive to choose more
fuel-efficient vehicles. |
|
| |
|
National Insurance |
| National
insurance contributions (NIC) are essentially a tax on
earned income. The national insurance (NI) regime
divides income into different classes: Class 1
contributions are payable on earnings from employment,
while the profits of the self-employed are liable to
Class 2 and 4 contributions. |
|
| |
|
Share Ownership for Employees - EMI |
| Retaining
and motivating staff are key issues for many employers.
Research in the UK and USA has shown a clear link
between employee share ownership and increases in
productivity. The government has therefore introduced
two ways in which an employer can provide mechanisms for
employees to obtain shares in the employer company
without necessarily suffering a large tax bill.
|
|
| |
|
|
| |
