CHANGES TO TAX ON BENEFITS IN KIND

摘要

The Finance Bill includes several iniquitous changes to the rules on taxing benefits in kind that are blatant tax-raising measures. If passed into law, employees will have to pay tax, for 2016/17 onwards, on the excess of the formula-based 'benefit' of employer-provided accommodation, cars, vans, and loans even if they have paid their employer the market rate for the benefit in question.