Poll results Our question asked, “If the public sector exit payments cap of £95,000 applies to your payroll, have you implemented the necessary changes expected by government?”
14% said yes, they have implemented changes and equally 14% said they were planning to make changes. 28% said they had not implemented any changes and 44% were unaware of any requirements.
We hope that as a result of our poll question the latter 44% went away and found out what they are ‘expected’ to do, and that the 28% who had not made any changes, at least considered their next steps.
We run our polls for various reasons but a common one is most certainly to raise awareness of areas that anecdotally we hear may have slipped under the radar.
Current position Regulations do not yet exist that create the public sector exit cap itself. The Treasury, Scottish Ministers and Welsh Ministers have had the power to bring forward regulations since 1 February 2017, but they have not yet done so. As stated previously the government’s expectation is that the necessary changes be made to compensation schemes and other arrangements within nine months of the publication of their consultation response (June 2017). Devolved administrations In both the exit payment recovery and exit payment cap reforms, the government position has been that the reforms would apply to those areas which are the responsibility of the UK government. It would be for the Scottish government, Welsh government and Northern Ireland executive to determine if and how they wanted to take forward similar arrangements in relation to devolved bodies and workforces. However, if and when a Legislative Consent Motion is required, it would be for the Devolved administrations themselves to decide whether this is a desirable approach.
Please take a moment to complete our latest CIPP Poll (on the right of this and every news item on the news pages of our website).
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Quick Poll on training 25 September 2017
If you arrange external or in-house training, which week in the month best suits your business needs?
Week 1, week 2, week 3, week 4 or any week?
If you haven’t already, please take a moment to answer our latest poll which is situated to the right of this, and every CIPP news item. Thank you.
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Tax and NICs rules with BiKs and cash options 17 October 2017
Are you aware that if you offer employees a benefit in kind and they have a choice of a cash option, the tax and NICs rules have changed?
This is the question we are asking in our latest poll to raise awareness (on the right of this and every news item on the news pages of our website). The changes that came in from April 2017 do not just affect those employers operating salary sacrifice schemes. Diana Bruce, CIPP senior policy liaison officer, delivers a short webcast about the changes to the benefits code – Optional Remuneration Arrangements - and what arrangements other than those under salary sacrifice are impacted under the new rules.
CIPP webcast on Optional Remuneration Arrangements (OpRA)
The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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