The Company Car Taxation paper by Copenhagen Economics reviews the extent to which the current taxation of company cars artificially promotes the use of cars. The key question it explores is whether the employees, by way of the free use of such cars, receive benefits that are under-taxed relative to alternative salary remuneration. This study presents new, EU wide estimates of the level of subsidies to company cars and provides some preliminary examples of the possible effects of suchsubsidies on economic welfare and environment. lt also discuses the policy implications.
How do employers stay up to date with everything from tax implications to compliance with employment laws, surrounding employee reward and recognition programmes in the UK?
For decades, industries like retail, hospitality and healthcare have operated under a shared assumption that employee benefits are a luxury reserved for high-margin sectors. But that assumption is now being dismantled, says Benifex’s chief innovation officer Gethin Nadin.
Caroline Harwood, BDO LLP partner and national head of employment tax and Gareth Hills, BDO employment tax associate director, take a close look at the provision of workplace nurseries and what employers need to watch out for to remain compliant.
