Summer Budget 2015: Consultation on changes to the BIK regime

The government has opened a consultation on draft regulations to implement the changes enacted in Finance Act 2015 to the benefits in kind regime, principally:

  • The abolition of the regime applying to “lower paid” employees;
  • Payrolling benefits in kind; and
  • Exemption from tax on expenses that are reimbursed by an employer.

Responses are invited and the consultation will close on 2 September 2015.