Government employee benefits and expenses consultations welcomed by giant group
The professional employment provider, giant group, has welcomed the government’s employee benefits and expenses consultations.
The four on-going consultations outline proposed changes designed to simplify the administration of employee benefits and expenditures. In particular, giant has welcomed the planned amendments to the exemption for paid or reimbursed expenses. This could see dispensations abolished in favour of the HMRC scale rates which benchmark global payments.
According to Matthew Brown, Managing Director of giant, this move would ensure fairer processing of employee benefits and expenses:
“The potential move away from dispensations will ensure that the HMRC published scale applies across the board, further ensuring a fair and simple assessment of benefits and expenses payments. The suggestions outlined in the consultation will also remove some of the more complex reporting that exists, streamlining the process and reducing the potential for any errors. This move to the HMRC scale is certainly something we feel is necessary. Indeed giant was the first professional umbrella employer to introduce these scale rates and has been using them since June 2012.”
Since 1992, giant has developed and delivered groundbreaking workforce management solutions to the recruitment market:
• award-winning giant strongbox is the professional umbrella employer of choice for temporary workers, freelancers and contractors. Independently voted Best Umbrella employer five times by readers of Contractor UK.
• giant precision is a suite of cloud-based back-office solutions designed to enhance your company’s performance. With precision essential, timesheets are made easy. And precision unlimited spans HR contract management, timesheet management, billing, payroll and payments
• Payroll disaster recovery and international payments are also available from giant precision as standalone services.
For more information, visit www.giantgroup.com
Please contact Vickie Collinge for any press enquiries email@example.com
This press release was distributed by ResponseSource Press Release Wire on behalf of BlueSky Public Relations Ltd in the following categories: Business & Finance, Education & Human Resources, Public Sector, Third Sector & Legal, for more information visit https://pressreleasewire.responsesource.com/about.