NEWS
Mercer chooses Vebnet
Mercer is giving its existing flex clients the option to switch to Vebnet after it signed a ten year deal with the benefits software provider.
Flex and payroll provider unite
Flexible benefits provider Motivano has signed a deal to work alongside ambitious payroll software firm HR Access. Employers that wish to choose an HR Access system, including multinational payroll, personnel administration and human resources management will now get offered the Motivano flex system too.
Vebnet offers flex clients a carbon calculator
Vebnet has become the first flexible benefits provider to offer an online carbon footprint calculator to help employees combat climate change. This follows the launch of its payroll giving carbon offset scheme in April this year, which Centrica was the first organisation to adopt.
Vodafone acquires Flexphone
Vodafone has bought Flexphone and hopes the deal will increase employee take-up with enhanced choice and service.
KPMG appoints Staffcare as its benefits technology partner
KPMG has switched its preferred choice of flexible benefits provider from Vebnet to Staffcare. The accountant and consultancy firm has implemented flex and salary sacrifice arrangements at over 100 employers and claims that the Staffcare system will reduce the need for a direct relationship between the technology provider and the consultant’s clients, thereby allowing a cheaper and more flexible solution.
Revenue explains itself
The Revenue has been forced to clarify its new NI anti-avoidance rules after being deluged with enquiries from worried employers. Its anti-avoidance document published on 23 March requested that certain salary sacrifice schemes be disclosed to the Revenue for approval, but its guidelines had left many unsure what was covered and what was not.
Drug development firm launches flex
Drug development firm, Cambridge Antibody Technology (CAT) has launched flexible benefits for its 300 staff. CAT, which won an award for its rheumatoid arthritis drug and was recently acquired by the AstraZeneca group, hopes that flex will help refocus employees attention on their rewards and benefits package, following on from the launch of online reward statements.
Centrica tackles climate change with new benefit
Centrica is one of the first companies to lend its support to a new give-as-you-earn carbon offsetting programme. The service offered by Vebnet, in partnership with PURE, a charity promoting climate change, enables employees to calculate their carbon footprint online and choose to offset all or part of it in a tax-efficient way through their monthly pay.
Revenue lays down the law on NI avoidance
Benefits designed with the sole purpose of avoiding National Insurance are under threat after new guidance was issued by the Revenue. From May 1 providers, accountants and tax consultants will be obliged to disclose for approval any NI avoidance schemes they are promoting - though government approved salary sacrifice arrangements for childcare vouchers, bikes and mobile phones are not believed to be affected.
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