View Deloitte's summary and analysis on the measures affecting employers
announced in the 2011 Budget.
The Government has increased the rates for approved mileage allowance payments for cars and vans from 40p per mile to 45p per mile on the first 10,000 miles.
The Government has announced that it will consult on the options, stages and timing of reforms to integrate the operation of income tax and National Insurance contributions (NICs).
Three reliefs to be abolished that may be of interest to employers are late night taxis, luncheon vouchers and meals for 'cycle to work' days.
Legislation to counter 'disguised remuneration' (employment reward provided by a third party, often in the form of a loan, and in a way that minimises income tax).
Other employers measures
- Abolition of certain tax reliefs
- Company car tax rates increase
- Employer supported childcare - available to all
- Employer-supported childcare - restriction to basic rate relief
- HMRC powers to gather data
- Income tax rates and personal allowances
- Increase to private fuel benefit multiplier
- Pensions tax relief
- Tackling tax avoidance