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| Employment Benefits |
| Today the remuneration of many directors and employees comprises a package of salary and benefits. |
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| Employer Provided Cars |
| The current regime for taxing employer provided cars (commonly referred to as company cars) is intended to encourage manufacturers to produce cars which are more environmentally friendly and to give employee drivers and their employers a tax incentive to choose more fuel-efficient vehicles. |
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| National Insurance |
| National insurance contributions (NIC) are essentially a tax on earned income. The NIC regime divides income into different classes: Class 1 contributions are payable on earnings from employment, while the profits of the self-employed are liable to Class 2 and 4 contributions. |
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| Share Ownership for Employees - EMI |
| Retaining and motivating staff are key issues for many employers. Research in the UK and USA has shown a clear link between employee share ownership and increases in productivity. The government has therefore introduced two ways in which an employer can provide mechanisms for employees to obtain shares in the employer company without necessarily suffering a large tax bill. |
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