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.
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