Calls for review of employee benefits tax system

The Office of Tax Simplification (OTS) has recommended the Government to reassess the tax system relating to employee benefits and expenses. In an interim report of the way employee benefits are taxed, the OTS states that the current tax system is overly complex and does not reflect current methods of working such as flexi-time and zero-hours contracts. Key elements needing review included tax rules applying to travel and subsistence, accommodation benefits, redundancy payments, and the P11D process. The OTS has specified 43 ‘quick wins’ to enhance the employee benefits tax system and intends to publish formal recommendations before the next Budget.
Read more about the interim report at:
http://www.out-law.com/en/articles/2013/august/
ots-calls-for-review-of-uk-tax-regime-for-employee-benefits-and-expenses/

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