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Reduce the administrative burden on businesses, charities or voluntary bodies.
The Income Tax (PAYE) (Amendment No 4) Regulations, SI 2015/1927 come into force on 14 December 2015 and give effect to changes in FA 2015.
The changes are intended to reduce the administrative burden on businesses, charities or voluntary bodies by:
- allowing employers voluntarily to payroll specified benefits in kind;
- replacing dispensations with an exemption for specified business expenses and removing the requirement to report them on form P11D; and
- abolishing the £8,500 threshold for benefits in kind and removing the requirement to report them on form P9D.
The regulations also remove the definition of “Scottish rate” inserted by regulations in October.
The changes take effect from 6 April 2016.
