Extra Statutory Concessions (escs)
Tax reliefs available on other benefits • pension contributions (tax relief but not NICs relief given and relief restricted to £50,000 p.a. from April 2011 and £40,000 p.a. from April 2014 – see annual and lifetime allowance above) • childcare vouchers up to £55 per week/£243 per month (restricted from April 2011 see vouchers below) • car parking at or near place of employment from 6th April 1988 (including cycles and motor cycles from April 1999) (See car parking at place of work above) • the purchase of a bicycle previously loaned by the employer and mainly used for home to work travel (from 6th April 2005) (see bicycle and bicycle safety equipment above). COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS EXTRA STATUTORY CONCESSIONS (ESCs) A number of minor benefits are excluded from liability for tax. Such exclusions have no statutory authority and are allowed as a concession to avoid unnecessary administration. HMRC publish a listing of current of ESCs – see https://www.gov.uk/government/collections/extra-statutory- concessions. FIXED PROFIT CAR SCHEME (FPCS) A scheme replaced in April 2002 by the Approved Mileage Allowance Payments (AMAPs) scheme, whereby rates published by HMRC were accepted as the threshold at which any excess payment would be regarded as a taxable profit. The scheme was a voluntary agreement to the extent that employees maintained the right to provide documentary evidence to support tax-free payment at higher rates where they so desired. An advantage of the FPCS scheme was that the employee was not required to maintain detailed records and receipts of costs incurred to support their tax returns.
FPCS Authorised Mileage Rates from 6th April 1992 to 5th April 2002
First 4000 business miles No printing, copying or reproduction permitted. Up to 1000cc 1001 to 1500cc 1501 to 2000cc Over 2000cc Up to 1000cc 1001 to 1500cc 1501 to 2000cc p p p p p p p 30 38 51 14 17 21 32 40 54 15 18 22 33 41 56 15 19 23 34 43 60 15 19 23 34 43 61 16 19 23
Mileage in excess of 4000 miles
Year
Over 2000cc
p
1992/1993 25
27
1993/1994 26
30
1994/1995 27
31
1995/1996 27
32
1996/1997 27
33
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