Salary sacrifice is a pretty common concept in benefits administration, but it is still fraught with legal risks. Owain Thomas outlines the potential pitfalls and advantages.
Employers could be administering benefits through their payroll and eradicating up to 99% of P11Ds if a proposal by the Office of Tax Simplification (OTS) is implemented.
The leaders of the Office of Tax Simplification's review of the employee benefits and expenses system believe their "radical" recommendations will clean-up the current "complex and burdensome" rules and processes.