New year, new Bill

KEY POINTS

• Changes to the employer-supported childcare rules.
• Furnished holiday lettings regime confirmed.
• Anti-avoidance measure for some donations.
• Taxation of pension contributions.

As the new year approaches details of draft clauses for the 2011 Finance Bill have been published. This article summarises those relating to personal tax and pensions.

Getting personal

Turning first to employer-supported childcare changes to the ‘open generally’ condition will be introduced in the Finance Bill 2011 in an attempt to alter the qualifying conditions for such schemes in respect of childcare vouchers as well as directly contracted support.

The legislation will be amended to allow employers to make their schemes unavailable to employees earning at or near minimum wage levels however it does not prevent employers from offering schemes to employees who do not rely on salary sacrifice arrangements.

Separate...