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1. • • Vouchers exchangeable for goods and services only (non-cash vouchers) Add the cost of the vouchers to the employee’s earnings – unless they are luncheon or childcare vouchers. For these, use the voucher’s face value.
     www.vincent.co.uk/gift-vouchers-and-employee-incentives/

     Gift Vouchers and Employee Incentives | Devon Accounting Firm

2. People also ask

   Do non-cash vouchers count as earnings?

   • These vouchers count as earnings, so you’ll need to: You must: There are some non-cash vouchers that you don’t need to deduct Class 1 National Insurance on. See a list of exempt vouchers. You’ll still need to report these vouchers using the same reporting method as other non-cash vouchers.

   Expenses and benefits: vouchers - GOV.UK

   www.gov.uk/expenses-and-benefits-vouchers/what-to-report-and-pay

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   Do vouchers count as earnings?

   • These vouchers count as earnings, regardless of who gives the voucher to your employee, so you’ll need to: Add the cost of the vouchers to the employee’s earnings - unless they’re luncheon or childcare vouchers. For these, use the voucher’s face value. These include vouchers for:

   Employee incentive awards - GOV.UK

   www.gov.uk/guidance/employee-incentive-awards

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   Are non-cash vouchers taxable?

   • Non-cash vouchers are treated as benefits in kind, so income tax and NICs are due on the taxable value of the vouchers given to any director or employee earning more than £8,500 per annum. The taxable value is the lesser of the cost of the voucher or its face value.

   The tax and national insurance implications of voucher schemes

   www.personneltoday.com/hr/the-tax-and-national-insurance-implications-of-voucher-schemes/

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   How are cash vouchers taxed?

   • Cash vouchers are taxed in full in the same way as regular pay. Income tax and employee NICs are due on the face value of the voucher, regardless of the cost to the employer, and must be accounted for through the PAYE system.

   The tax and national insurance implications of voucher schemes

   www.personneltoday.com/hr/the-tax-and-national-insurance-implications-of-voucher-schemes/

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   Can a non-cash voucher be exchanged for goods or services?

   • A non-cash voucher can be exchanged for goods or services, and the cash value of it is substantially less than its cost. Non-cash vouchers are treated as benefits in kind, so income tax and NICs are due on the taxable value of the vouchers given to any director or employee earning more than £8,500 per annum.

   The tax and national insurance implications of voucher schemes

   www.personneltoday.com/hr/the-tax-and-national-insurance-implications-of-voucher-schemes/

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   Do cash bonuses count as earnings?

   • Cash bonuses, including vouchers exchangeable for cash, count as earnings, so you – as an employer – will have to add it to the employee’s other earnings. You will then have to deduct and pay Pay As You Earn (PAYE) tax and Class 1 National Insurance through payroll.

   How Are Bonuses Taxed In The UK? - Streets Steele

   steelefinancial.co.uk/news/how-are-bonuses-taxed-in-the-uk/

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3. www.gov.uk › expenses-and-benefits-vouchers › whatExpenses and benefits: vouchers - GOV.UK

   www.gov.uk › expenses-and-benefits-vouchers › what

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   These vouchers count as earnings, so you’ll need to: add their value to the employee’s other earnings. deduct and pay PAYE tax and Class 1 National Insurance through payroll. Vouchers...

4. www.gov.uk › guidance › employee-incentive-awardsEmployee incentive awards - GOV.UK

   www.gov.uk › guidance › employee-incentive-awards

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   Jun 12, 2014 · Add the cost of the vouchers to the employee’s earnings - unless they’re luncheon or childcare vouchers. For these, use the voucher’s face value. Non-cash vouchers that are exempt from NICs

5. www.gov.uk › employment-income-manual › eim16000EIM16000 - Vouchers and credit tokens: contents - HMRC ...

   www.gov.uk › employment-income-manual › eim16000

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   If you have a case involving vouchers or credit-tokens and you are unsure where to start go first to EIM16030. This has a description of points to consider and action to take in any case...

6. www.personneltoday.com › hr › the-tax-and-nationalThe tax and national insurance implications of voucher schemes

   www.personneltoday.com › hr › the-tax-and-national

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   Feb 18, 2010 · Non-cash vouchers are treated as benefits in kind, so income tax and NICs are due on the taxable value of the vouchers given to any director or employee earning more than £8,500 per annum. The taxable value is the lesser of the cost of the voucher or its face value.

7. steelefinancial.co.uk › news › how-are-bonuses-taxedHow Are Bonuses Taxed In The UK? - Streets Steele

   steelefinancial.co.uk › news › how-are-bonuses-taxed

   • Cached

   Dec 7, 2021 · Cash bonuses, including vouchers exchangeable for cash, count as earnings, so you – as an employer – will have to add it to the employee’s other earnings. You will then have to deduct and pay Pay As You Earn (PAYE) tax and Class 1 National Insurance through payroll.

8. www.lexisnexis.co.uk › tolley › taxIncentives, awards and prizes | Tax Guidance | Tolley

   www.lexisnexis.co.uk › tolley › tax

   Nov 22, 2022 · The PAYE treatment of particular types of employment income that are not cash is covered in ITEPA 2003, ss 693–702 (Pt 11, Ch 4). This includes cash vouchers, non-cash vouchers, credit-tokens, readily convertible assets, shares and securities.

9. www.vincent.co.uk › gift-vouchers-and-employeeGift Vouchers and Employee Incentives | Devon Accounting Firm

   www.vincent.co.uk › gift-vouchers-and-employee

   • Cached

   These vouchers count as earnings, regardless of who gives the voucher to your employee, so you’ll need to: Add their value to the employee’s other earnings. Deduct and pay PAYE tax and NICs through your payroll. Report any NICs for the pay period when the last payment is made in the same period.