CHILDCARE VOUCHER IMPACT SURVEY RESULTS
4 April 2012 Thank you to all those members who completed last month’s survey on the impact of the new Child Care Voucher regulations. We have summarised the results for your information. · 65 CIPP members responded to the survey, · Of those 100% offer CCV through Salary Sacrifice · Almost 68% say the new legislation has impacted business · A massive 98% of those impacted say this is because of the requirement to undertake a Basic Earnings Assessment · Almost 44% of those impacted say there has been an increase in employee enquiries · But, despite all this, only one respondent says they are not going to continue offering CCV The full results of the survey including all comments can be viewed by clicking on the icon below. Childcare Voucher Scheme Impact Assessment Survey Results 11 January 2012 In the government’s response to the consultation on the abolition of 36 tax reliefs, the analysis has shown that repeal of tax relief on late night taxis would have a disproportionate impact on women. Responses showed that removal of the relief could also increase administrative burdens, therefore working against the government’s objectives for tax simplification, so based on this assessment, the government has decided not to abolish this relief. The response also confirmed the abolition of the tax and NICs relief on the provision of the first meal on a designated ‘cycle to work’ day. On the basis that the value of this relief is minimal and generally outweighed by the time, effort and cost of providing the benefit, the government have decided to repeal this relief. Whilst the number of responses received was limited, all supported the repeal of this relief. Also confirmed is the abolition of the tax and NICs exemption on the first 15p per working day of a meal voucher provided by an employer to an employee. The relief was introduced in 1946 when food rationing was in place with the objective of helping individuals afford healthy meals. It was targeted at employees working for companies without a workplace canteen. Following the OTS review, the Government decided to repeal this relief on the basis that its benefit has been almost entirely eroded by inflation and therefore no longer achieves a clear objective. Furthermore, it creates an administrative burden to the employer. The government therefore will repeal these two reliefs in Finance Bill 2012 with effect from 6 April 2013. The corresponding NICs exemption will be removed by regulations to come into force on the same date. Expense and Benefits - General TAX RELIEF FOR LATE NIGHT TAXIS WILL BE RETAINED
CIPP Policy News Journal
09/10/2012, Page 76 of 234
Made with FlippingBook - Online magazine maker