Health screenings and medical check-ups for employees will be exempt from taxation as of August 14th.
The Government has amended income tax regulations, which required employees to declare health screenings and medical check-ups as a ‘benefit in kind’ and pay income tax on them.
But soon, if performed as an arrangement between employer and employee, medicals will be tax-free.
Association of Britich Insurers director of general insurance Nick Starling says: “We have been campaigning for the Government to recognise the important role employers can play in improving the health of the working population. It is much better for individuals, companies and society if people are healthy, active and productive.
“This good move is a step in the right direction. It should encourage many employers to provide this kind of health screening benefit to their employees. The insurance industry is already working with employers, employees and the Government to find new ways to improve workplace health and rehabilitation, and we hope that further initiatives like today’s announcement will flow from this work.”