Salary Sacrifice, Have Your Say

At Budget 2016 the government announced it will consider limiting the range of benefits-in-kind that attract Income Tax and National Insurance Contributions advantages when provided as part of salary sacrifice arrangements.

For fleets currently operating any form of salary sacrifice scheme, the implications could be considerable. HMRC have issued a consultation document to gather industry views on the proposed legislation. The consultation period closes on 19th October, to view the document click here http://bit.ly/2b6CFYq

The purpose of the consultation is to explore potential impacts on employers and employees should the government decide to change the way the benefits code applies when a benefit-in-kind is provided in conjunction with a salary sacrifice or flexible benefit scheme.

The government is keen to seek views from a wide range of stakeholders, including employers who operate salary sacrifice and flexible benefit arrangements, their representatives, trade organisations and any other interested parties.

webcompFleetmiles can help you manage, maintain and control your vehicle fleet expenses. The system captures all mileage and other expenses any time, any place, and can integrate with your ERP system. Mileage is guaranteed to be accurately captured and your drivers will find it easy to use, with just three taps on a smartphone, it’s job done. To find out more about Fleetmiles, contact our Service Team 01420 544514 email marketing@fleetmiles.co.uk