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NEWS
ukactive eyes salary sacrifice for high street gyms despite government crackdown on scheme
POSTED 23 Nov 2016 . BY Deven Pamben
Hammond delivered his first Autumn Statement as chancellor on Wednesday (23 November) Credit: PA/PA Wire/PA Images
ukactive remains confident that it can encourage the government to extend its tax relief scheme on employee benefits to include gym memberships, despite an apparent crackdown by chancellor Philip Hammond.

As part of a number of measures included within Hammond’s first Autumn Statement was the commitment to tighten regulations on ‘salary sacrifice’ programmes, which allow workers to trade part of their wage for benefits.

Corporate gym memberships are likely to be among the perks scrapped from next April as the Treasury loses out on income tax from the employee and national insurance payments from the employer on salary sacrifice schemes.

Despite this, the not-for-profit body said it was “looking forward” to continuing discussions with the government department about expanding salary sacrifice to include not only high street gym memberships, but fitness equipment as well.

ukactive director Steven Ward said that although the loss of benefit for corporate gym users “only affected a small proportion of the workforce”, the organisation “cannot condone any policy that makes it harder for people to improve their health by being more active”.

On a more positive note for the health and fitness sector, the government has decided not to take away the salary sacrifice benefit for its cycle to work scheme.

“Since its launch in 1999, over 646,000 people have taken advantage of the scheme, which according to the Department of Transport, has brought major health benefits and greatly helped environment as well,” said Ward, adding that he wanted to “maximise” the impact of the initiative going forward.
RELATED STORIES
  Grassroots sport to benefit from simplified tax deduction scheme


National governing bodies (NGBs) will be able to donate directly to grassroots sport schemes without paying corporation tax following an intervention by the Treasury.
  Fitness industry braced for disappointment over tax relief on gym memberships


Employees using in-house corporate gyms may be about to lose a benefit allowing them to take up membership without paying income tax.
  Health clubs ‘could be owed thousands’ in VAT payments


A little known amendment to taxation laws means UK health clubs could be entitled to reclaim thousands of pounds worth of VAT on their current membership offering.
  Grassroots sports clubs may become exempt from corporation tax


The government is gearing up to launch a consultation that will determine whether corporation tax on grants and donations will be scrapped for grassroots sports clubs.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
+ More news   
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NEWS
ukactive eyes salary sacrifice for high street gyms despite government crackdown on scheme
POSTED 23 Nov 2016 . BY Deven Pamben
Hammond delivered his first Autumn Statement as chancellor on Wednesday (23 November) Credit: PA/PA Wire/PA Images
ukactive remains confident that it can encourage the government to extend its tax relief scheme on employee benefits to include gym memberships, despite an apparent crackdown by chancellor Philip Hammond.

As part of a number of measures included within Hammond’s first Autumn Statement was the commitment to tighten regulations on ‘salary sacrifice’ programmes, which allow workers to trade part of their wage for benefits.

Corporate gym memberships are likely to be among the perks scrapped from next April as the Treasury loses out on income tax from the employee and national insurance payments from the employer on salary sacrifice schemes.

Despite this, the not-for-profit body said it was “looking forward” to continuing discussions with the government department about expanding salary sacrifice to include not only high street gym memberships, but fitness equipment as well.

ukactive director Steven Ward said that although the loss of benefit for corporate gym users “only affected a small proportion of the workforce”, the organisation “cannot condone any policy that makes it harder for people to improve their health by being more active”.

On a more positive note for the health and fitness sector, the government has decided not to take away the salary sacrifice benefit for its cycle to work scheme.

“Since its launch in 1999, over 646,000 people have taken advantage of the scheme, which according to the Department of Transport, has brought major health benefits and greatly helped environment as well,” said Ward, adding that he wanted to “maximise” the impact of the initiative going forward.
RELATED STORIES
Grassroots sport to benefit from simplified tax deduction scheme


National governing bodies (NGBs) will be able to donate directly to grassroots sport schemes without paying corporation tax following an intervention by the Treasury.
Fitness industry braced for disappointment over tax relief on gym memberships


Employees using in-house corporate gyms may be about to lose a benefit allowing them to take up membership without paying income tax.
Health clubs ‘could be owed thousands’ in VAT payments


A little known amendment to taxation laws means UK health clubs could be entitled to reclaim thousands of pounds worth of VAT on their current membership offering.
Grassroots sports clubs may become exempt from corporation tax


The government is gearing up to launch a consultation that will determine whether corporation tax on grants and donations will be scrapped for grassroots sports clubs.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
ProSlide Technology, Inc.

A former national ski team racer, ProSlide® CEO Rick Hunter’s goal has been to integrate the smoot [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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