HMRC is consulting until 2 December 2015 (following consultation and primary legislation in FA 2015) on four sets of regulations required to: abolish the £8,500 threshold for benefits in kind; allow employers voluntarily to ‘payroll’ specified benefits in kind; replace dispensations with an exemp
HMRC is consulting until 2 December 2015 (following consultation and primary legislation in FA 2015) on four sets of regulations required to: abolish the £8,500 threshold for benefits in kind; allow employers voluntarily to ‘payroll’ specified benefits in kind; replace dispensations with an exemption for specified business expenses; and remove the requirement for employers to report these expenses on form P11D. These will give effect to a number of recommendations made by the OTS in its 2014 report Review of employee benefits and expenses: second report. These changes take effect from 6 April 2016. See www.bit.ly/1O0SEmR.
HMRC is consulting until 2 December 2015 (following consultation and primary legislation in FA 2015) on four sets of regulations required to: abolish the £8,500 threshold for benefits in kind; allow employers voluntarily to ‘payroll’ specified benefits in kind; replace dispensations with an exemp
HMRC is consulting until 2 December 2015 (following consultation and primary legislation in FA 2015) on four sets of regulations required to: abolish the £8,500 threshold for benefits in kind; allow employers voluntarily to ‘payroll’ specified benefits in kind; replace dispensations with an exemption for specified business expenses; and remove the requirement for employers to report these expenses on form P11D. These will give effect to a number of recommendations made by the OTS in its 2014 report Review of employee benefits and expenses: second report. These changes take effect from 6 April 2016. See www.bit.ly/1O0SEmR.
