Tax is a grey area when it comes to the rewards and incentives industry.
In certain cases we can potentially demonstrate a saving (Tax and National Insurance) for both the company and employee when My Reward vouchers have been used.
Depending on your specific circumstances we can point you in the right direction, but guidance and final confirmation will be provided by your local tax office.
Any potential saving arising from My Reward vouchers can only be realised through:
- PAYE Settlement Agreement (PSA)
- Taxed Award Scheme (TAS)
Information on PSA’s and TAS’s is available to download from www.inlandrevenue.gov.uk
DISCLAIMER: My Rewards Company Ltd, it’s employees or affiliates are not and do not claim to be tax experts. Individual cases require expert consultation as received by your own tax advisor or your local tax office.