Comments are invited on draft guidance.
HMRC has published draft guidance on the new exemption for low-value benefits in kind to be included in the Employment Income Manual.
The exemption is expected to apply from 6 April 2016.
The details are in the draft legislation to be included in Finance Bill 2016, together with explanatory notes. These included a tax exemption for low-value trivial benefits.
Draft regulations were also published to extend the exemption to former employees and provide a matching disregard for National Insurance contributions.
Comments on the draft guidance (tinyurl.com/trbiksguid) should be emailed to employmentincome.policy@HMRC.gsi.gov.uk by 25 March 2016.
