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New rules confirm voluntary payrolling of non-cash vouchers.
HMRC has published Income Tax (PAYE) (Amendment No X) Regulations 2016 to amend the 2003 version. They allow employers to voluntarily payroll the benefit of non-cash vouchers and credit tokens provided to employees from 6 April 2017.
The regulations have been drawn up on the basis that the power will receive royal assent in its current form.
The obligation in ITEPA 2003, s 694 and s 695 to operate PAYE on non-cash vouchers or credit tokens is not affected.
Comments on the draft regulations and accompanying draft explanatory memorandum should be emailed here by 3 October 2016.
