In reply, HMRC said: "A salary sacrifice arrangement must not reduce an employee's cash earnings below the National Minimum ...
Government's tax arm spoke out on Twitter, now X, after a query from a taxpayer after they received their payslip recently.
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
Responding to the taxpayer, HMRC said: "A salary sacrifice arrangement must not reduce an employee’s cash earnings below the ...
HMRC has clarified the regulations surrounding pension contributions in response to a public query. The tax body was asked over social media: "If salary sacrifice would take me below NMW [National ...
More than half a million people are paying up to 60 per cent of the top chunk of their salary to the Labour Party government due to a “tax trap”, taxpayers have been warned.
HMRC has provided clarity on pension contributions rules following a query from a taxpayer. The individual asked: "If salary sacrifice would take me below NMW [National Minimum Wage] can the ...
One mum of two reported missing £4,000 in her pension pot after taking maternity leave. This amount has now been repaid to ...
Anyone who has a bank balance of £11,600 or more have been issued a warning from HMRC. A personal finance ... could dip under it by using salary sacrifice. In turn, they would not only pay ...
Employers also accrue tax savings: for example, an organisation which provides a 40% taxpayer with a Mercedes-Benz EQC through salary sacrifice will make an annual NIC saving of £1,987.
Employers are being warned that some plug-in hybrid electric vehicles (PHEVs) ordered through salary sacrifice schemes may not end up qualifying for the benefit. Salary sacrifice enables drivers ...
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