Salary sacrifice review may push up tax bills

Employee tax bills could rise, after ministers launched a consultation paper looking at salary sacrifice deals with employers. The paper, which covers cars, healthcare, phones and computers, outlines plans to limit the tax and NICs savings made from the schemes, and sees HMRC once again looking to increase tax collections.

Remuneration packages for those in owner managed businesses have always been a blend of salary, benefits and dividends. Our tax and business experts at Beavis Morgan are available to work with you to understand your requirements and needs, together with those of your family, and put in place a legitimate structure which best meets those requirements within the framework of your business.

Contact Steve Govey for further information and to discuss your individual situation and the options available to you.