Simplyhealth publish tax fact sheet for business
Sunday, February 19, 2012
Simplyhealth have recently published a straightforward guidance sheet for employers regarding the tax implications of providing health benefits to staff.
The fact sheet will provide guidance for all small to medium sized companies providing healthcare benefits. It also explains the tax implications for both employers and employees and will cover Insurance Premium Tax, Corporate Tax, Value Added Tax and National Insurance Contributions.
Howard Hughes of Simplyhealth says: "If companies are paying for healthcare benefits for the first time, the tax implications can be daunting, but it should not deter them from providing valuable health and wellbeing benefits. This fact sheet cuts through the jargon surrounding tax and provides clear and simple guidance. It includes tax examples for both private medical insurance and health cash plans to make things simpler for employers."
Category: Health Insurance