Currently employers operating formal incentive award schemes can
pay the tax/Class 1A NICs arising on behalf of their employees by
entering into a Taxed Award Scheme (TAS).
Most awards under these schemes will be suitable for inclusion in a PSA should the employer wish to do so.
A third party who provides awards to the employees of another employer and who wishes to pay the employees tax/NICs bill cannot use a PSA. A TAS should be used instead. See PSA1110 for information about third party benefits.
All Taxed Award Schemes are held centrally at the
HMRC Incentive Award Unit
Chapel Wharf Area
Trinity Bridge House
2 Dearmans Place
Telephone 0161 2613269