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1. www.gov.uk › expenses-and-benefits-long-service-awardsExpenses and benefits: long-service awards: Overview - GOV.UK

   www.gov.uk › expenses-and-benefits-long-service-awards

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   Overview. As an employer providing long-service awards to your employees, you have certain tax, National Insurance and reporting obligations. What’s included. What you have to report and pay...

   • What's Exempt

     the award is worth less than £50 per year of service you...

   • What to Report and Pay

     If the cost of the long-service awards is less than the...

   • Print Entire Guide

     We would like to show you a description here but the site...

   • Technical Guidance

     The following guides contain more detailed information:...

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3. business.love2shop.co.uk › blog › rewards-andAre Long Service Awards Taxable? Everything You Need to Know

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   1 day ago · Are long service award taxable in the UK? It depends on what you’re providing as a long service award. If it’s a cash lump sum, then yes it’s taxable. Only non-cash awards can be handed over to employees tax-free (but even then there are a few things to consider, which we’ll get to further below). You can visit the Gov long service ...

4. www.accountingweb.co.uk › long-service-awardLong Service Award - AccountingWEB

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   Dec 8, 2006 · We have established that the employer can make a long service award of nearly £2500 with the recipient exempted from tax by the ever-generous HMRC. (This means I agree that a "start" date of 1958 should be demanded if the matter came to an argument). Is the employer actually up to giving more?

5. www.penninecare.nhs.uk › long-service-2023Long service awards 2023 :: Pennine Care NHS Foundation Trust

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   Long service awards 2023. Each year we celebrate colleagues who have achieved 20, 30 or 40 years' service. This year (2023/24) they've collectively dedicated nearly 2,000 years' service to the NHS. Some of our long serving colleagues have shared memories and photos, which you can see below.

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6. employeebenefits.co.uk › long-service-awards-whatsLong Service Awards: what’s the best approach for my business?

   employeebenefits.co.uk › long-service-awards-whats

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   Jun 26, 2018 · According to insurer LV, the average length of service for a UK worker is around 5 years. Lower value, more frequent workplace anniversaries may be more appropriate and we expect to see a move away from the traditional 25 years’ service award towards 1, 5, 10, 15, 20 and 30 years recognition.

7. www.accountingweb.co.uk › practice › practiceAccounting Excellence Awards finalists announced for 2023

   www.accountingweb.co.uk › practice › practice

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   Jul 5, 2023 · The Accounting Excellence Awards today revealed the finalist line-up for 2023, revealing those forward-thinking accountancy firms and individuals who will battle across over 20 hotly-contested categories to win a prestigious AE Award.

8. People also ask

   How long is a long-service award?

   • The typical minimum service required to receive a long-service award is 10 years. 14% kick off their long-service programme at 25 years’ service. The maximum length of service rewarded among the research sample was 50 years.

   Long Service Awards: what’s the best approach for my business?

   employeebenefits.co.uk/long-service-awards-whats-the-best-approach-for-my-business/

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   What is a long service award scheme?

   • A great example of this is Tesco who have recently introduced a long service award scheme that rewards staff on ten-year milestones up to 50 years. The typical minimum service required to receive a long-service award is 10 years. 14% kick off their long-service programme at 25 years’ service.

   Long Service Awards: what’s the best approach for my business?

   employeebenefits.co.uk/long-service-awards-whats-the-best-approach-for-my-business/

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   Are long service awards changing?

   • It is clear that companies such as John Lewis and Tesco who all employ thousands of staff put a huge emphasis on recognising their staff for their loyalty. However, the nature of long service awards is changing in line with attitudes to long service itself. Today’s employees are less likely to stay in a job for 20 years at a time.

   Long Service Awards: what’s the best approach for my business?

   employeebenefits.co.uk/long-service-awards-whats-the-best-approach-for-my-business/

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   How many long service awards do employees give?

   • It is most common to recognise employees’ service throughout their career, with 30.7% of respondents reporting that they give five or more long-service awards. A great example of this is Tesco who have recently introduced a long service award scheme that rewards staff on ten-year milestones up to 50 years.

   Long Service Awards: what’s the best approach for my business?

   employeebenefits.co.uk/long-service-awards-whats-the-best-approach-for-my-business/

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9. employeebenefits.co.uk › product-in-focus-longProduct in focus: Long service awards - Employee Benefits

   employeebenefits.co.uk › product-in-focus-long

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   Acknowledging long service can be a cornerstone of reward practice, but changing demographics and career paths has altered the nature of schemes, says Debbie Lovewell. Long service awards are designed to recognise an employee’s loyalty and service to an organisation.