£500 P11D waiver would reduce admin ‘obstacle’ for SMEs and help improve productivity, argues BIBA
As part of its 2020 manifesto (announced last week), British Insurance Brokers Association (BIBA) is calling for the first £500 of health insurance benefit to be waived from the P11D. The industry body has argued that the costs associated with such benefits are creating barriers for smaller businesses, in particular micro-SMEs. It said employees with a lower income and facing taxable benefits are being put off, while the employer costs of P11D administration alongside national insurance tax...
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