Budget 2016: Govt mulls salary sacrifice restrictions

HM Treasury said salary sacrifice arrangements enable employees to give up salary in return for benefits-in-kind that are often subject to more favourable tax treatment than salary. It said it wants to encourage employers to offer certain benefits but is concerned about the growth of salary sacrifice schemes - noting that clearance requests for salary sacrifice arrangements from employers to HM Revenue & Customs have increased by over 30% since 2010. HM Treasury said it was, therefore, considering limiting the range of benefits that attract income tax and NICs advantages when they are...