Glossary · UK
What is Staff Suggestion Scheme Award?
A tax-exempt reward employers can pay for a suggestion that improves the business.
Full Definition
A staff suggestion scheme award is a payment or benefit an employer can give tax-free to an employee whose suggestion is adopted and is expected to improve the business, subject to conditions such as the scheme being open to all employees, the suggestion being outside the employee's normal job duties, and the award falling within HMRC's specified limits for encouragement awards and financial benefit awards. Awards outside these conditions or above the limits are taxable in the normal way as earnings.
See Also
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