Employers and third parties, may give employees non-cash incentive awards such as gift vouchers or holidays.
An employer or third party can enter into a special arrangement
with HMRC to pay the tax and NIC due, on any award they make to
employees. These arrangements are called taxed award schemes (TAS).
HMRC’s Incentive Award Unit (IAU) set up TASs with
employers and third parties. Contact the IAU for information about
TASs.
The IAU will issue annual returns and collect any Class 1
and or Class 1A NICs that are due.
