Were car and fuel benefits in kind?
Deductibility of travel expenses
The government has published a consultation document which covers the implementation of the levy following the proposals announced in the Summer Budget aimed at creating three million more apprenticeships by 2020 by way of a digital voucher scheme which can be used by registered providers of appr
HMRC has published an updated Booklet 490 Employee Travel – a tax and NICs guide. A number of important changes have been made to remove outdated examples that no longer reflect modern working practices and provide further examples to improve clarity.
As a number of HMRC and HM Treasury employment tax consultations are ending, Mark Groom (Deloitte) reviews the main points to emerge from the proposals so far.
No ‘salary sacrifice’ arrangements
HMRC is consulting until 16 October 2015 on simplifying the tax and NICs treatment of termination payments, following the Office of Tax Simplifcation’s July 2014 report on employee benefits and expenses. Proposed options include:
The government has published the National Insurance Contributions (Rate Ceilings) Bill, to implement NICs aspects of the ‘tax lock’ under which the main rates of income tax, VAT and NICs will be held at their current levels for the full five-year duration of this Parliament.
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