Legal News

Draft Finance Bill 2017—salary sacrifice benefits to end

Published on: 21 December 2016
Published by: LexisPSL
  • Draft Finance Bill 2017—salary sacrifice benefits to end
  • Original news
  • Please describe the proposed changes to salary sacrifice schemes made pursuant to Schedule 2 to the Draft Finance Bill 2017. What is excluded from the new rules?
  • Will any subsisting arrangements be protected?
  • What is the reasoning behind the implementation of the proposed changes?
  • Do you consider that the changes will affect the uptake of benefits in kind?
  • Are there any consequences or issues that you believe the government has not considered in its proposed legislation?
  • How should companies be dealing with the proposed changes? How will the way they offer such benefits change if at all?

Article summary

Share Incentives analysis: Following the consultation undertaken over the summer and the announcement made at Autumn Statement 2016, legislation has been included at Schedule 2 of the draft Finance Bill 2017 setting out the changes to be made to salary sacrifice schemes with effect from 6 April 2017. David Smith, principle associate at Eversheds, describes the proposed changes, explores the reasoning behind them, and their effect. or take a trial to read the full analysis.

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