DWP supports removing employer tax barriers

houses-of-parliament5034

The Department for Work and Pensions (DWP) has said removing tax disincentives for employers to implement health and wellbeing strategies may be the “best way forward”.

As COVER previously revealed, Dame Carol Black co-author of the impending Sickness and Absence review, has vowed to recommend that Treasury remove tax disincentives that restrict businesses implementing these initiatives.

Dame Black has previously made the call but could not persuade Treasury of the value of this, however it appears the political mood may have changed.

Speaking at a Legal & General roundtable event, Esther McVey MP, Parliamentary Private Secretary to Chris Grayling, the Minister for Employment, told COVER the coalition was open to the idea.

"We've said we're going to get rid of red tape and bureaucracy, we're looking at aids to assist businesses and if that [removing tax disincentives] is the best way forward then I guess that's the best way to go," she said.

"If it makes sense to a business, if it's common sense across the board and there's tools to actively help then surely cooperation is the best way forward," she added.

However, while acknowledging the positive effects that employer involvement in health and wellbeing can have, McVey added that new legislation was not likely.

"We're not a party that brings in legislation when it's not necessary, but what you can do is shine a light on an issue, highlight it," she continued.

"This should be a win-win benefit to employers with witnessing the bad effects of absenteeism and presenteeism and seeing they could benefit from this.

"Sometimes you don't need to bring legislation in. I think it's a win-win across the board and that's why the issue has got such cross departmental support and also with businesses.

"And that's what we're looking to do - we're looking for support not a complication," she added.

Dame Black is set to publish the findings of the review next week.

Visitor Comment

blog comments powered by Disqus
Follow us now

For all the latest news and views from COVER

Follow us now

Advertisment

Email alert

Register for the COVER newsletter today

Stay up to date with all the latest news, product development and changes happening within the protection and health insurance market.

Print Edition

cover04-v1

Cover - everything you need to know about the protection and health insurance market

All of the latest news and features on all aspects of the protection and health insurance market are available from our print edition.

REQUEST A PRINT SUBSCRIPTION

IFAonline Jobs

IFAonlinejobs will open the right investment career path for you. Search hundreds of vacancies now.

Advertisment

Events

cvcf14-logo-bluebg

Cover Protection & Health Forum: Success on demand

02 Oct 2014-

Victoria Park Plaza,239 Vauxhall Bridge Road, London,SW1V 1EQ

covea14-logo

Cover Excellence Awards 2014

02 Oct 2014-

Victoria Park Plaza,239 Vauxhall Bridge Road, London,SW1V 1EQ

MORE EVENTS