IoD response to HM Treasury’s consultation on tax incentives for occupational health provision
The Institute of Directors has today submitted its response to HM Treasury’s consultation on tax incentives for occupational health provision, calling on government to expand the range of occupational health services covered by Benefit in Kind (BiK) exemptions.
In a survey of business leaders on employer occupational health provision, the IoD has found that:
- SMEs are significantly less likely than large employers to provide occupational health services to employees, with 42% of microbusinesses offering occupational health services compared to 95% of large employers.
- For employers who do not provide occupational health services, the main reasons cited were occupational health not posing issues for the business (49%) and costs being prohibitive (43%).
- 41% of business leaders stated that expanding BiK exemptions is the policy most likely to increase investment in occupational health.