PAYE benefits in kind – information for Trust members
April 20, 2018
The PAYE benefits for some salary sacrifice schemes are reducing with effect from April’s salary.
How Benefit in Kind taxation due on a salary sacrifice scheme will be collected from employees is detailed in the PAYE information sheet.
With effect from April’s salary:
- All lease vehicles with emissions of 75g or below will continue to receive full tax / NI / pension savings until 5 April 2021.
- Vehicles with emissions of 75g or below delivered between 6 April 2018 – 5 April 2021 will continue to receive Tax / Employee NI saving / Employee & Employer pension savings only.
- All lease vehicles with emissions above 75g will now receive Employee NI saving / Employee & Employer pension savings only.
- Electronic goods will now receive Employee NI saving / Employee & Employer pension savings only.
- Car parking will now receive Employee NI saving / Employee & Employer pension savings only.
Note: Arrangements relating to Childcare Vouchers and Cycle to Work will be excluded from this change at this time.