Work-related expenses scheme (WRCS)
Do you want to improve your company’s tax position and give your employees that little bit extra? The work-related expenses scheme (WRCS) can help you to do this. The WRCS enables employers to pay their employees untaxed remuneration. We will be happy to advise you on the available options.
Online training ‘How to optimize the WRCS in 2024'
Do you want to know how to make the most of the work-related cost scheme (WKR) and how to gain (and retain) control of the WRCS? Baker Tilly is organizing an online training on ‘How to optimize the WRCS in 2024’. During this three-hour training, our specialists will guide you through the details of the Work-related Costs Scheme and you will receive many practical tips so that you can immediately set to work with the WRCS.
Who is it for?
Anyone involved in the work-related expenses scheme, such as HR personnel, financial accounts employees, salary administrators and controllers.
Programme
Practical examples: opportunities and common misconceptions;
How do you apply the WRCS in practice?
How do you retain control?
How do you avoid risks?
Looking ahead to 2025.
What is the WRCS?
The WRCS enables you as an employer to decide how a budget in the discretionary margin is spent. The discretionary margin is a ‘piggy bank’ the employer can use for the untaxed remuneration of provisions (perks) to employees. This might include work outings, Christmas hampers or a vitality scheme (e.g. a sports subscription).
What is different in 2024?
In 2023, the WRCS’s discretionary margin was temporarily raised to 3% of the taxable wage up to € 400,000. This percentage has been lowered to 1.92% in 2024. The discretionary margin over the excess of the taxable wage still stands at 1.18%.
Make the most of the WKR!
Baker Tilly can carry out a WRCS analysis to give you insight into the options and mitigate the risks. We will be happy to take work off your hands, so you can focus on your core business.
We will also share our knowledge in a WRCS webinar (free) and WRCS training. Make the most of the WRCS and profit from our expertise by participating in one of our knowledge events.
