Trivial employee benefits
HMRC has published a consultation document on the possible introduction of a statutory exemption for trivial benefits in kind.
The government believes that a clear statutory exemption will make administering such benefits substantially easier for employers. The government is therefore consulting on the design of an exemption.
The questions for consultation include:
- The level of a monetary limit in the definition of trivial, and
- Whether the statutory exemption should be based on the annual cost or number of trivial benefits in kind provided in a tax year.
The statutory exemption could be available at each employment, so that employees with more than one employment would benefit from more than one exemption.
Date: 25th July, 2014
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