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Simplyhealth publishes tax fact sheet for businesses

Simplyhealth

Simplyhealth has published straightforward guidance for employers about the tax implications of providing health benefits to staff.

 

The fact sheet provides guidance for small to medium sized companies providing healthcare benefits. It explains the tax implications for both employers and employees and covers Insurance Premium Tax, National Insurance Contributions, Income Tax), Corporation Tax and Value Added Tax.

 

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."

Health cash plan news: 4 January 2012