.png)
.png)
A critical look at government plans to simplify employee taxation
KEY POINTS
- The employment tax proposals in the autumn statement had little immediate technical backup.
- The ability to use salary sacrifice arrangements to mitigate tax liabilities will be restricted.
- The ability to claim home to work expenses through umbrella companies will be restricted.
- From 6 April 2016 the £8 500 P11D threshold will be removed.
- The rules on trivial benefits will be amended.
- The “payrolling” of expenses moves forward.
Chancellor George Osborne packed a lot into the breathless 50-minute speech that comprised his 2014 autumn statement. However on the day he provided little additional detail to support his plans to simultaneously clear the budget deficit and win the next general election.
In the context of employers and their workers most of his proposals...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
