Has the move to hybrid working reduced the need for company cars and car allowances? We look at the provision of travel benefits, as well as the move to more environmentally friendly options.
The now-defunct Office for Tax Simplification recently highlighted the need for tax policy to be aligned with modern working practices, including hybrid and remote working from overseas. Susan Ball, employment solutions partner at audit, tax and consulting firm RSM UK, looks at what employers need to know from a tax perspective.
A key staple of many benefits schemes, travel perks offered by employers can extend from company cars to cycle-to-work schemes, and from season ticket loans to overnight stay allowances.
Travel-related perks are often a key feature of employee benefits packages, and can range from company cars to cycle-to-work schemes, and from subsidised parking to lunch allowances.