6 April 2016 marks the date when a raft of employment tax changes come into force. Existing dispensations for expenses are obsolete. There are new restrictions on tax relief for travel and subsistence expenses under arrangements involving employment intermediaries. The existing rebate for employers with contracted out salary related (defined benefit) pension schemes comes to an end, as does the £8,500 threshold that separates lower and higher paid employees for benefit in kind purposes. A new regime for taxing dividends will apply. Lifetime and annual allowance restrictions take effect. The new exemption for trivial benefits comes into force. Employers have until 5 April 2016 to register for payrolling online, specifying which benefits to payroll and to which employees receiving those benefits payrolling will apply. There will be a zero rate of employer’s class 1 NICs for apprentices under 25. And the Scottish rate of income tax also takes effect.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
