Expenses and benefits changes: draft legislation and consultation responses published
11 December 2014
The Autumn Statement confirmed the Government response to four major consultation exercises conducted during the summer, covering voluntary payrolling, abolition of the £8,500 threshold, and exemptions for trivial benefits and reimbursed expenses. Now the detail of that response has been issued in the form of draft legislation and responses to the consultations. HMRC has published the draft legislation on the four consultations, as well as associated Tax Information and Impact Notes (TIINs). You can find the links to all of them by visiting the HM Treasury website here .
The reports on the various consultations can be accerssed through the following links:
voluntary payrolling
abolition of the £8500 threshold
trivial benefits exemption
reimbursed expenses
Payrolling Benefits in Kind – HMRC needs your help
9 January 2015
Following the consultation last summer on real time collection of tax on benefits in kind and expenses through voluntary payrolling, the Chancellor announced in his autumn Statement his intention to legislate to put voluntary payrolling on a statutory footing. HMRC are now looking for employers who are currently payrolling to share their experiences at a meeting. HMRC is now seeking to engage with employers who are currently payrolling and would like to invite anyone who is payrolling to attend a meeting to share their experiences and to help HMRC to develop their thinking on the technical aspects of this change.
There are provisional dates booked of:
16 January 2015 – 10-12pm 23 January 2015 – 2-4pm 26 January 2015 – 2-4pm 28 January 2015 10-12pm
All will be in London, at 100 Parliament Street.
Please could any parties interested email employmentincome.policy@hmrc.gsi.gov.uk by midday on 14 January stating:
which meeting you would like to attend and what BiKs you currently payroll.
If anyone would like to work with HMRC but cannot attend in person please also send an email to the address above and provision can be made for them to dial into the meeting by phone.
CIPP Policy News Journal
08/04/2015, Page 152 of 521
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