- Second Finance Bill 2017: provisions of interest to employment lawyers
- Original news
- What is the background to the publication of this Bill?
- Which provisions of the new Bill are of interest to employment lawyers?
- Time limit for making good benefits in kind
- Taxable benefits: ultra low emission vehicles
- Pensions advice
- Deductions for employee liabilities—legal expenses etc
- Termination payments—amounts chargeable to tax on employment income
- Disguised remuneration
- What are the next steps?
The government has published the second Finance Bill of 2017, containing a number of employment-related provisions that were dropped from the previous Finance Bill ahead of the general election. The new Bill introduces tax measures in respect of: (1) a time limit for making good benefits in kind, (2) ultra low emission company cars, (3) an exemption in respect of pensions advice given to an employee which is paid for by an employer, (4) an extension of existing reliefs for employees who may require legal advice or indemnity insurance which is funded by their employer, (5) termination payments, and (6) disguised remuneration. UPDATE: The Finance (No. 2) Act 2017 received Royal Assent on 16 November 2017.
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