TaxCorporate TaxKPMG calls for tax breaks to get UK gyming

KPMG calls for tax breaks to get UK gyming

KPMG is backing government moves to encourage the workforce into taking up gym membership by advocating US-style tax breaks.

Link: Reebok gym in trouble

Research released today estimates that a staggering 30,000 deaths in the UK are caused by obesity each year.

And the National Audit Office believes failure to tackle obesity is costing the UK more than £2bn a year in lost productivity.

In the US the federal government is expected to make law the Workforce Health Improvement Programme Bill, which would let companies claim contributions to employees’ gym membership fees as income tax deductions.

In the UK, companies may so far only offer tax breaks to employees using in-house gyms.

Inez Anderson, tax partner at KPMG People Services, said: ‘A tax break such as this would significantly boost the well being of Britain’s workforce. Research has shown working days lost due to stress-related illnesses is a serious business issue. I would certainly applaud such a move in the UK.’

KPMG also believes the move could provide a boost to the UK’s flagging leisure and fitness club sector. Gym membership levels have flattened out in the past two years with London and the South East seeing usage levels fall.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

1m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

3m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

4m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

4m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

8m Alia Shoaib, Reporter