Monthly Tax Tip

Mobile Phone Schemes

Are you an employer looking to incentivise your employees? 

If so the provision of a mobile phone is a tax efficient way by which to do so. In general no benefit in kind charge arises so no employers national insurance is due and the employee will not be taxed on the benefit.

In addition if this is done by way of a salary sacrifice it could save further tax for both the employer and employee.

There are however a few little pitfalls whereby this benefit will be taxed and we will be happy to advise on what these are.

To find out more information, please email Barry at barrye@wellsassociates.com

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These notes are for guidance only and no liability attaches to this firm or partners due to losses incurred by you in relation to the reliance on the content. It has been written in general terms and is intended as a guide only. Professional advice should be sought regarding your specific situation and the application of the above.