Tax Free Health Benefits
There is no requirement for employers to pay tax and National Insurance on certain health benefits covered by tax concessions or exemptions. For example, there is no requirement to report employees’ medical or dental treatment or insurance if they are a part of a salary sacrifice arrangement.
In addition, the following health benefits can be provided tax free:
- A maximum of one health-screening assessment and one medical check-up in any year.
- Eye tests required by health and safety legislation for employees who use a computer monitor or other type of screen.
- Glasses or contact lenses required by employees for working on computer monitors or other types of screen.
- Medical treatment for employees working overseas. The employer must have committed in advance to pay for this treatment or must pay the provider directly for the employee’s treatment or insurance.
- Medical treatment or insurance related to injuries or diseases that result from your employee’s work.
- Medical treatment to help an employee return to work. This allows the employer to pay up to £500 in costs for an employee to return to work
Any medical or dental treatment or insurance provided that is not exempt must be reported to HMRC. Employers may be required to deduct and pay tax and National Insurance on these amounts.
Posted by Cassey Nixon on
28th September 2018
Tax Implications for Construction Industry
If you run a construction business and secure the services of sub-contractors, or if you are a sub-contractor, you will need to comply with a special set of tax rules known as the Construction Industry Scheme (CIS). The CIS rules determine the tax and National Insurance treatment for those working in the construction industry. Under […]
What Is a Joint Venture?
A joint venture is a commercial enterprise undertaken by two or more parties who otherwise retain their separate identities. The parties to the joint venture usually bring together different resources and areas of expertise to help fulfil a specific project. HMRC makes the point that on close examination of these associations prove to be partnerships, […]