.png)
.png)
23 August 2010
Update on cycles and bus passes
HMRC have updated their Employment Income Manual to provide answers to frequently asked questions on the salary sacrifice arrangements for cycles and bus passes.
It explains the department's approach where relevant tax exemptions are not satisfied and employer liability to National Insurance arises.
The new note also refers to the guidance concerning actions employers can take to ensure conditions for the cycles exemption are satisfied in future.
