ARTICLE · 24 JUNE 2016

Employment Tax Developments - June 2016

Smith & Williamson

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There is a lot currently happening in the world of employment tax. Below are six current hot topics/risks/opportunities along with some practical points on dealing with them.

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Smith & Williamson

Introduction

There is a lot currently happening in the world of employment tax. Below are six current hot topics/risks/opportunities along with some practical points on dealing with them.

P11Ds

There has been a substantial change from 6 April 2016 with dispensations being abolished and replaced with exemptions for most expenses and benefits in kind previously covered by dispensations (apart from some round sum subsistence allowances which may require HMRC approval). HMRC's Employer Bulletin at the link below has more detail on pages 9 & 10.

www.gov.uk/government/uploads/system/uploads/attachment_data/file/500142/employer-bulletin-february.pdf

Review old dispensations to determine whether the items they covered are now within an exemption or whether further action is required.

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