The Small Business, Enterprise and Employment Act 2015 brings into force s.78 of the Equality Act 2010 which includes a power to require private and voluntary sector employers with 250 or more employees to publish information on their gender pay gap. The Act specifies that the the Secretary of State must make regulations for the purpose of requiring the publication of information showing whether there are differences in the pay of males and females. These regulations must be made no later than 12 months after the passing of the Act so by 26 March 2016 large employers will need to adhere to gender pay reporting requirements. CIPP comment The Act also states that the Secretary of State must consult such persons as they think appropriate on the details of such regulations prior to publication. The CIPP Policy Team will of course be involved in any consultation and report to members and the profession accordingly.
Expenses and Benefits
Company Cars
Company car and van fuel benefit for 2014/15
16 December 2013
The Van benefit and Car and Van Fuel Benefit Order 2013 has been published confirming the increase in figures used to calculate cash equivalents of the taxable benefits provided to employees and directors with company vehicles.
The Van benefit and Car and Van Fuel Benefit Order 2013 comes into force on 31 December 2013 and has effect for the tax year 2014-15 and subsequent tax years.
Car fuel - calculating the cash equivalent: the figure will increase from £21,100 to £21,700 .
Van fuel - calculating the cash equivalent: the figure will increase from £564 to £581 .
Cash equivalent of the benefit of a van: the figure will increase from £3,000 to £3,090 .
HMRC Company car and car fuel benefit calculator
13 January 2014
The calculator has been updated to include calculations for 2014 to 2015.
When a company car is made available for the private use of an employee a 'benefit in kind' value is calculated in relation to the car, and the fuel if that is also provided for private use.
This calculator:
allows you to calculate the 'benefit in kind' value of a company car and, if appropriate the car fuel benefit provides an indication of the Income Tax you would be liable to pay for the provision of company car and car fuel benefit.
CIPP Policy News Journal
08/04/2015, Page 141 of 521
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