Market leading insight for tax experts
View online issue

Salary sacrifice: lessons from Reed

Speed read

The decision of the First-Tier Tribunal in Reed Employment provides useful guidance on what constitutes an effective salary sacrifice and a contract of employment for ITEPA 2003 purposes. The Tribunal confirmed that a valid salary sacrifice scheme could be made in respect of a reimbursement of expenses. However, any arrangements must be reciprocal and clear. This means that the employee must both understand the scheme and make an informed decision whether to enter into it. This will be undermined evidentially if employees obtain no real benefit from the scheme.

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top