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This analysis is part of the Lexis®PSL Tax team’s summary of the Autumn Budget 2017.
Some of the links require a LexisPSL subscription. If you are not a subscriber, you can take a free trial here.
The government has confirmed the final part of the package of amendments to the disguised remuneration regime that was originally announced at Budget 2016. Provisions will be included in FB 2018 to:
See: Autumn Budget 2017 (para 3.71), OOTLAR (para 1.14), TIIN: Disguised remuneration: further update, and Draft clause.
The government will allow employees on maternity and parental leave to take a pause of up to 12 months from saving into their Save-As-You-Earn employee share option scheme. Employees can currently pause saving for six months before the share option will
lapse (see Practice Note: How SAYE schemes work and key features—When does an SAYE option lapse?).
This increase is to allow employees on maternity and parental leave to continue saving into the scheme and now aligns much better with more general maternity leave entitlements. It also provides a greater incentive for employees to return to the same
employer at the end of their leave.
The change will have effect on and after 6 April 2018. HMRC guidance will set out the changes.
See: Autumn Budget 2017 (para 3.24) and OOTLAR (para 2.14).
Benefits-in-kind: electric vehicles
FB 2019 will provide that, from April 2018, there will be no benefit-in-kind charge on electricity provided by employers at workplace charging points for charging employees’ electric (or hybrid) cars.
See: Autumn Budget 2017 (para 3.13) and OOTLAR (para 2.15).
Armed Forces personnel accommodation
FB 2018 will introduce an income tax exemption for certain allowances paid to Armed Forces personnel for renting or maintaining accommodation in the private market. A Class 1 NICs disregard will also be introduced. The change will have effect from Royal
Assent of FB 2018, and replicates the position where members of the Armed Forces are provided with living accommodation by the Ministry of Defence.
See: Autumn Budget 2017 (para 3.15), OOTLAR (para 1.11) and Income Tax: armed forces accommodation allowance exemption.
Taxation of employee business expenses
As announced at Autumn Statement 2016,
the government issued a call for evidence on the taxation of employee
expenses on 20 March 2017. The government’s formal response will be published on 1 December 2017.
As part of the wider response, the following measures were announced:
LexisPSL subscribers can access all analysis and insight on the Autumn Budget 2017. If you are not a subscriber, you can take a free trial here.
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