Salary Plus Scheme
This enables the company to pay and get corporation tax relief for items such as childcare vouchers for directors who are not paying any national insurance contributions. No personal tax is payable on these items.
This type of salary plus scheme is tax efficient from both a company and a personal perspective.
Who is this for?
This is essential for any directors/owners of businesses paying themselves wages below the minimum wage threshold which attracts a level of employee and employer national insurance contributions.
No specific charge.