Payrolling of Benefits and Expenses - Initial feedback from consultation

View the previous news item for P11D - General

24 April 2008

HMRC has published a brief statement, thanking those who responded to the consultation on the proposal to collect tax and NICs on benefits and expenses through the payroll and promising to give an update at the time of the Pre-Budget Report at the end of 2008.

Included in the matters for consultation was a proposal to scrap the £8,500 annual earnings rate threshold, above which tax is payable on the provision of most benefits. The responses to the consultation indicated that the removal of the threshold would have an adverse impact on low-paid employees and possibly the voluntary sector. As a result, the Government has decided already that the threshold will be retained and the proposal will be withdrawn.

...UK Payroll News - Latest

Further information:
Summary of Responses: Benefits in kind and expenses payments through the payroll

The UK Payroll News is sponsored by HRD & Payroll Solutions

Discuss this news item in the PayPerShop Forum