The Office of Tax Simplification has suggested more than 20 measures which it believes could substantially simplify the taxation and administration of employee benefits and expenses.
Its key reform would allow the processing of benefits through the payroll system, rather than having to submit a P11D form directly to HMRC. This, the OTS argued, would "reduce the burden on emp...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
