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Written by:
Bas Hollenberg


Safeguard your tax savings on labour costs for 2015 now!

As an employer you will be having to deal from 2015 onwards with the Work Related Costs Scheme for wage-related allowances and benefits vis-à-vis your employees (Dutch acronym: WKR). We advise you in the strongest possible terms to safeguard next year’s tax credits now by anticipating the forthcoming changes rather than wait until 2015 to look into the consequences of the scheme.

The impending shake-out is to transform the regime governing employee allowances, benefits and provisions, which currently straddles dozens of constituent schemes, into a single scheme.

Now is the time to see to the requisite adjustments being made to your accounting and payroll records and use the final quarter of the current year to “WKR-proof” your organisation. On no account should you make light of the amount of time and effort it will take you to negotiate the various process stages of taking stock, drafting your conclusions, carrying out risk assessments and rolling out the requisite changes. Added to which the tax consequences will be accompanied by a spate of employment law consequences.

We are already pulling out all the stops on behalf of our clients to chart the requisite adjustments in line with the new WKR scheme well ahead of the financial year-end and realise the tax credits for 2015 at this early stage. It will be our pleasure to assist you in “WKR proofing” your business or, by way of a second opinion, run a fiscally critical eye over the steps you have already taken yourself in the process of realising WKR-related measures.

Please do not hesitate to contact us, to help ensure the smoothest possible transition to the new WKR scheme.

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