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Salary sacrifice and company cars: PAYE changes

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The Income Tax (Pay As You Earn) (Amendment No 2) Regulations, SI 2017/1263, set out the taxable amounts employers must report to HMRC in respect of optional remuneration arrangements (salary sacrifice), under the new rules introduced in Finance Act 2017, and specify the information to report in respect of company cars, where employers choose to payroll car and car fuel benefit. These changes have effect from 6 April 2018.

HMRC consulted during November on separate sets of draft regulations for the two areas covered, which are now combined in a single instrument.

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