Market leading insight for tax experts
View online issue

Tax exemption for trivial benefits in kind

printer Mail

HMRC is consulting until 25 March 2016 on draft guidance on the proposed new tax and NICs exemption for trivial benefits in kind, to apply from 6 April 2016. The exemption will cover benefits provided to former employees through an EFRBS, subject to a £300 cap which will also apply in relation to directors of close companies and their family members. Legislation for the exemption has been published in draft for Finance Bill 2016 and in draft regulations. The guidance when finalised will be incorporated in the Employment Income Manual. See

Issue: 1297
Categories: News