There is a sting in the tail for companies that provide their directors or employees with taxable benefits as part of their remuneration package. Obviously, the directors or employees that receive the benefits will pay additional income tax if the benefits provided are chargeable to tax: for example, the use of a company car. The…
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E-bike cycle to work scheme announced
Readers who have been tempted to cycle to work but are challenged by fitness issues or really can’t afford the bike they would like, might be interested in the recent announcement that has extended the existing Cycle to work scheme to include the use of so-called e-bikes. These are bikes with electric motors that assist…
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Did you know income rates can be as high as 60 percent?
Most of us know that income tax is charged at three main rates: 20%, 40% and 45%. Unfortunately, there are certain levels of income that trigger a loss of benefits or allowances as well as a charge to income tax. Because of this, the percentage rate of tax charged can be higher than the underlying…
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How To Get The Best From Your People
As reported last month (February 2019) in the most recent quarterly sample, the Labour Force Survey details the employment rate in Northern Ireland now stands at 70.3%. Unemployment in Northern Ireland is below the UK average and is the fifth lowest in all the UK regions. Therefore the war for talent amongst employers is at…
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