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» Back to listing Tax breaks for work health schemes

8th April 2013

The Chancellor of the Exchequer has decided to give tax breaks on health initiatives at work which should be good for employers and their employees. In his March budget the Chancellor announced that the Government would introducea targeted tax relief, so amounts up to £500 paid by employers on recommended schemes are not treated as a taxable benefit in kind.

In a statement the Institution of Occupational Safety and Health said “IOSH has been calling for this for many years and a recent IOSH-commissioned survey of UK SMEs showed considerable support for these sorts of Government incentive.

“We are delighted at the inclusion of this concession, which is an important start and recognises that removing tax disincentives could help encourage more employers to provide useful support for ill or injured employees

“Removing tax disincentives and encouraging employers who want to do the right thing for their employees is a win-win situation for everyone. It’s good for employers and businesses, it’s good for workers and their families, and it’s good for the economy and society as a whole.”

Each year over 130 million working days are lost to sickness absence. The Government commissioned Dame Carol Black and David Frost to conduct an independent review of sickness absence.

The Government’s decision follows recommendation made in their report, ‘Health at work – an independent review of sickness absence’, released in January.

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