The lowest appropriate percentages are still 0 per cent and 5 percent. 11 per cent will now apply to cars with CO2 emissions of 76g/km to 94g/km. The appropriate percentage will increase by 1 per cent for all vehicles with CO2 emissions between 95g/km and 210g/km, to a maximum of 35 per cent. Changes from 2015-16 The appropriate percentage for zero emission cars reverts to 9 per cent unless this figure is changed in any future announcement. The special rules for cars with CO2 emissions not exceeding exactly 75g/km will be abolished.
Cycle to Work
REMOVAL OF MEAL PROVISION ON CYCLE TO WORK DAYS
24 July 2012
We announced in January that the tax and NICs exemption would be removed on food or drink provided by an employer to an employee in recognition of the employee on cycle to work days. Legislation has now confirmed this removal effective from April 2013.
The Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2012 were laid before the House of Commons on 11 July 2012 and will take effect from 6 April 2013.
These Regulations amend the Income Tax (Exemption of Minor Benefits) Regulations 2002 (S.I. 2002/205) (“the principal Regulations”) to remove as an exempt minor benefit food or drink provided by an employer to an employee in recognition of the employee having cycled from home to the workplace on designated days. The exemption is removed with effect from 6th April 2013. The provisions of the principal Regulations were amended by a later statutory instrument. Regulation 3 makes a corresponding amendment to the Income Tax (Exemption of Minor Benefits) (Amendment) Regulations 2003 (S.I. 2003/1434) in order to remove redundant legislation from the statute book.
Further information:
Consultation on the removal of 36 tax reliefs - CIPP News June 2012
Government response to consultation on the removal of 36 tax reliefs - CIPP News January 2012
A Tax Information and Impact Note: Cycle to Work Days - Provision of Meals - December 2011
Employer Supported Childcare
CIPP POLICY SURVEY: NEW CHILDCARE VOUCHERS IMPACT ASSESSMENT FOLLOW UP
2 March 2012
CIPP Policy News Journal
12/04/2013, Page 87 of 362
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