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Tax Free Employee Benefits

Tax Free Employee Benefits

We are often asked how employees can be rewarded without tax implications. Most benefits in kind are taxable on the employee, however, there are some that are not. Although, obviously limited in number, there are some that are worth consideration and what follows is a checklist of the main tax free benefits: • Pension contributions • Parking facilities • Job-related accommodation • Childcare vouchers • Crèche facilities (if available to all) • Free or subsidised canteen meals (if available to a...

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2013 Autumn Statement

Autumn Statement

On 5 December 2013, George Osborne’s Autumn Statement contained several new measures and confirmed a number of others regarding the taxation of businesses and individuals. A summary of some of the main measures follows:- Business tax Employer National Insurance Contributions From April 2015, employer national insurance contributions (NICs) will be abolished for those under 21 years of age on earnings up to £813 per week. Thereafter the normal rate of NICs will apply. It had already been announced that an annual £2,000...

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Year End Strategies

2013/2014 Year End Strategies

Despite ongoing attemps to simplify the UK tax system, the regime remains notoriously complex. The rules are often cumbersome and subject to frequent changes, with some applying immediately while others may be deferred for one, two or more years. Download the attachment to see how Rothmans can help you navigate this minefield!

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Venus Awards Sponsor

Rothmans sponsors Venus Awards 'New Business Award'

Rothmans are proud to support The Venus Awards celebrating women in business in the Southampton area or SO postcode area. Women from Southampton can enter the The Venus Awards. You can nominate yourself, your female friends, business associates or colleagues into a selection of award categories at www.venusawards.co.uk Rothmans is sponsoring the New Business Award and are looking forward to seeing the nominations come in from Southampton based businesses. Says founder Tara Howard, “We are delighted to give Women in Business in South...

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Rothmans Memory Walkers

Rothmans staff event raise nearly £2,500 for the Alzheimer’s Society

In September 2013 almost 100 Rothmans staff and their family members took part in the 10K Alzheimer’s Society Memory Walk in Southsea. The 10K walk started from Castle Field, the most southern tip of Portsmouth and followed the seafront towards the magnificent Historic Dockyards passing many sites of interest along the way, including Clarence Pier, the iconic Square Tower, and Gunwharf Quays. Rothmans were thrilled to bring so many staff members and their families together to an event to raise money for the Alzheimer..

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Do you know a Santa concerned about the employment status of his elf?

Is he employed or self-employed? You need to look at all the facts. The work is seasonal so is not full-time and if Mr Bell is not obliged to always offer himself for work each year then this would point to self-employment. Can Mr Bell send in a substitute if he is unable to do the work himself? Does he charge an agreed fee for the season? Does he bring his own tools to work? If the answer to these questions is yes then this would further indicate self-employment. Conversely, the fact that Mr Bell only works for Santa and no...

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