- 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?
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.
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