Autumn Statement

The Autumn Statement will take place on Wednesday 3 December 2014.

The government has already stated that they will comment on the responses to the employee benefit  consultations in the Autumn Statement. The proposals were originally highlighted in A&B and are:

  • The abolition of the £8,500 threshold; 
  • Introducing a statutory exemption for trivial benefits in kind;
  • Replacing the current system of dispensations for reporting non-taxable expenses with an exemption; 
  • introducing a system of voluntary payrolling for benefits in kind. 
ACCA UK will be producing comment and analysis shortly after the Statement.