THE PROCESS |
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Scheme Order Window opens | |
Place your order on the online store | |
Orders are approved by your HR Dept | |
You must sign a salary sacrifice agreement to hire the products from your employer during the benefit term |
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Goods are shipped to your home address during the delivery window | |
Your employer starts reducing your monthly gross salary | |
Each year of the scheme you are taxed on 20% of the product |
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4 weeks from the end of the agreement we will contact you to provide the option to Keeping or Return the product(s). |
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KEEP |
RETURN |
If you wish to keep the products |
If you return the product(s) you retain the |
A P11D is an annual return that companies make as part of their payroll process, that tells HM Revenue & Customs (HMRC) what benefits have been provided to employees during the tax year in addition to their salary. Any income tax due from the benefits is normally collected via a change to the employees PAYE tax code for the following tax year. |