Where employment-related benefits, taxable under Chapter 10, Part 3, of the ITEPA are granted to workers under an optional compensation agreement, the normal method of calculating the cash equivalent does not apply to these benefits (EIM21101 manual on labour income). The relevant amount to be considered as the merit of employment for this tax year is the most important: the rental value of a dwelling or house made available to an employee is a form of remuneration, as is the total value of all meals, storage certificates, goods or storage credits granted to an employee. The remuneration packages are a mutual agreement between the employer and the employee. For this reason, employers are free to structure compensation packages as they see fit, as long as the employee agrees with the conditions and the package meets the requirements of the National Employment Standards (NES) and all modern or enterprise price agreements relevant to your employee. If, from April 2017, a cheap taxable loan is made available to a worker as part of an optional compensation agreement and may have been previously aggregated with previous loans – see manual on labour income EIM26180 , the relevant amount will be: the advantage is that the loan is steeper: since April 6, 2016, a worker has received a car under an optional compensation scheme for four years because of his employment. The car recorded 95g CO2/km emissions. The transitional provisions apply for the duration of the agreement or until the agreement is amended for another reason. Service charges will continue to be applied to the equivalent cash value. Depending on the remuneration policy and employment contracts, some employees may receive a bonus. These bonuses can be rewarded to a person for good performance or the whole team after a particularly successful project, quarter or year.

Yet the Americans won the first lexical battle. On the general issue of compensation, Harris verifies himself. „Oh, we don`t say „remuneration,“ “ he said, while Gorrell nodded favorably. It is called „compensation.“ Why „remuneration“ has become a non-speech within Hogan Lovells is difficult to develop, but the next day, The Lawyer receives clarification. It seems to be about accepting the American term, which „is more understood as a term around the world, not just in the United States.“