Taxman begins consultation into salary sacrifice car schemes

Salary sacrifice is one of three areas under review by HMRC The Government has announced that it has fulfilled a promise made at this year’s Budget to initiate consultations into salary sacrifice schemes, including those that cover cars. This is one of three areas affecting company cars that the Government currently has under scrutiny. The other two areas under review are changes in lease accounting and the balance sheet treatment of assets including company [...]

A new direction for employee car schemes

Employee Car Schemes - Creating a Win-Win Recent research has identified that the majority of HR directors and managers struggle with the best approach to take when it comes to adopting a car salary sacrifice scheme. What about the risks involved? Will it really affect employee retention? Or even benefit the business? These are just some of the concerns HR managers have. For HR professionals, providing employees with benefits and incentives is a high priority, [...]