Policy paper

Income Tax: abolition of the £8,500 threshold for benefits in kind

This Tax Information and Impact Note is about abolishing the threshold for benefits in kind.

Document

Income Tax: abolition of the £8,500 threshold for benefits in kind

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Details

The measure abolishes the £8,500 threshold that determines whether employees pay Income Tax on all of their benefits in kind and expenses. Employers will have additional National Insurance contributions to pay on the benefits in kind and certain expenses provided to employees earning at a rate of less than £8,500 a year.

Published 10 December 2014