Budget 2013 - Key points for employers
Date published: 21 March 2013
There was some good news for employers with the introduction from 2014 of a new Employment Allowance – hailed by the Chancellor as the biggest tax relief announced in this budget, say RSM Tenon.
Other announcements included the introduction of income tax and NI relief on the new Employee Share Ownership Scheme and a consultation on the funding of a CGT relief on the sale of a controlling interest in a business to an employee ownership structure.
Top Budget tips for Employers:
- Consider whether the new Employee Share Ownership plan is appropriate
- Don’t forget the advantages of EMI arrangements, particularly given the changes to Entrepreneurs’ relief at 10% for employees with EMI options
- Review loans to employees in light of doubling of the de minimus allowance to £10,000
- For employees caught by the High Income Child Benefit Charge, consider whether salary sacrifice arrangements would help employees especially with pension contributions
Do you have a story for us?
Let us know by emailing news@rochdaleonline.co.uk
All contact will be treated in confidence.
Most Viewed News Stories
- 1Major change to what people can recycle in Greater Manchester announced
- 2Man jailed for 10 years after officers discovered drugs, guns, ammunition and exotic birds on land...
- 3Area taped off after man attacked in the street
- 421-year-old man seriously injured after being hit by tram on Rochdale-Oldham line
- 5Planned works to disrupt Rochdale town centre tram services will start next week
To contact the Rochdale Online news desk, email news@rochdaleonline.co.uk or visit our news submission page.
To get the latest news on your desktop or mobile, follow Rochdale Online on Twitter and Facebook.
