{"id":3048,"date":"2017-05-23T00:00:00","date_gmt":"2017-05-23T00:00:00","guid":{"rendered":"https:\/\/hebblethwaites.com\/index.php\/changes-to-taxable-benefits-from-april-2017\/"},"modified":"2017-05-23T00:00:00","modified_gmt":"2017-05-23T00:00:00","slug":"changes-to-taxable-benefits-from-april-2017","status":"publish","type":"post","link":"https:\/\/hebblethwaites.com\/index.php\/changes-to-taxable-benefits-from-april-2017\/","title":{"rendered":"Changes to taxable benefits from April 2017"},"content":{"rendered":"<p>The good news, the way in which benefits in kind are taxed &ndash; company cars, mobile phones, etc. &ndash; is unchanged for the tax year just ended, to 5 April 2017. Consequently, you can expect your tax position regarding any benefits you enjoy to be unchanged for 2016-17; as long as the benefits themselves have not changed.<\/p>\n<p>Unfortunately, from April 2017, the taxman is tightening his grip, and many tax-free benefits will be taxed as if they were part of your salary &ndash; this will increase the combined income tax and National Insurance charges in many cases.<\/p>\n<p>A number of benefits are not affected, and will continue to be classified as tax exempt. They are:<\/p>\n<ul>\n<li>Cars with emissions between 0 and 75g CO2 per kilometre.<\/li>\n<li>Childcare vouchers.<\/li>\n<li>Workplace nurseries.<\/li>\n<li>Employer pension contributions and pensions advice.<\/li>\n<li>Cycles and safety equipment under the cycle to work scheme.<\/li>\n<li>Intangible benefits that are not taxed, such as additional annual leave or flexible working hours.<\/li>\n<li>Counselling and other outplacement services on termination.<\/li>\n<li>Retraining courses.<\/li>\n<\/ul>\n<p>It is fine for employers to continue providing other benefits after 5 April 2017, but there will no longer be any tax or National Insurance benefit in doing so &ndash; in other words, the benefits will be treated as if they were part of salary.<\/p>\n<p>As always, when these changes occur there are transitional arrangements, a delay in the date on which the full tax and National Insurance charges will apply from. Where an arrangement is already in place on 6 April 2017, existing legislation will continue until the sooner of:<\/p>\n<ul>\n<li>When the arrangements are varied, renegotiated, revised or renewed (including auto-renewal), and<\/li>\n<li>6 April 2021 for cars, vans, fuel, accommodation or school fees, or<\/li>\n<li>6 April 2018 for any other benefit.<\/li>\n<\/ul>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>The good news, the way in which benefits in kind are taxed &ndash; company cars, mobile phones, etc. &ndash; is unchanged for the tax year just ended, to 5 April 2017. Consequently, you can expect your tax position regarding any benefits you enjoy to be unchanged for 2016-17; as long as the benefits themselves have [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-3048","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/comments?post=3048"}],"version-history":[{"count":0,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/posts\/3048\/revisions"}],"wp:attachment":[{"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/media?parent=3048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/categories?post=3048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hebblethwaites.com\/index.php\/wp-json\/wp\/v2\/tags?post=3048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}