Pay Staff Tax Free - Staff Suggestion Scheme

This scheme is specifically allowed and provided for in the legislation. It is very simple to operate and works as follows...

Employees can be rewarded for making suggestions that relate to your business activities, and the conditions apply, the payments can be made without tax or NI being payable. You get tax relief on the payment through your accounts, just as you do with paying normal salaries.

If a suggestion is implemented and a real financial benefit is expected to accrue, the employee can be paid the lower of:
half the annual benefit expected in the short or medium term, or
£5000.

Payments of up to £25 can be made for employees' suggestions as an encouragement, whether or not the suggestion is implemented. Employees can make as many suggestions as they want.

The suggestion must be outside the scope of the employees' normal duties, so a production employee or director could suggest a sales idea for example.
The suggestion must not be made in a meeting held for the purpose of proposing suggestions.

The scheme must be formally set up but no formal approval is needed from HM Revenue & Customs.

It must be open to all employees and not be part of their contractual pay or benefits entitlements.

For more useful tax tips and a hassle-free accountancy service, why not get a quote from Mazuma?

Thanks you to our clients!

Here at Mazuma our clients are the most important part of our business, so we just wanted to take the time to say....

Thank you for being our client!

It means so much to us that so many of you introduce your friends, family and business contacts to us that we wanted to give you a little extra reward in July and August (selected offices only).

If you introduce new clients to us that sign up during July and August we'll give you a little more for your efforts!



1 client = £25 of retail vouchers

2 clients = £75 of retail vouchers

3 clients = £100 of retail vouchers



So if you've passed our details to someone, it would be wise to give them a gentle reminder to sign up in July and August so that you get your extra vouchers! You can even introduce a new friend to us here!

Of course, you could always offer to give them some of the vouchers, or you could choose to keep them for yourself (it's okay, we won't tell them!).

Thank you once again for continuing to be a Mazuma client, we really appreciate it.

Kindest Regards,