The deadline is approaching for employers to complete and submit forms to HMRC to let them know the benefits that they have given to their employees.
If you are (a) a director, or (b) an employee and earn over £8,500 a year, and you receive any benefits from your company then you may have to pay tax on them.
One of the items coming out of the recent budget was that of a National Insurance allowance for small employers. Although this is not ground breaking it will save eligible employers up to £2,000 per year depending on how much Employers National Insurance they pay.
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