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Consultation on Salary Sacrifice for the Provision of BiKs

As announced in the 2016 Budget earlier this year, the Government is seeking to limit the range of benefits in kind (BiKs) that attract Income Tax and National Insurance Contributions advantages when provided as part of salary sacrifice and flexible benefit arrangements.

To that end, a consultation document has been published setting out the Government’s intended future tax treatment of such benefits and seeking the views of anyone affected by the planned changes, and other interested parties.

The consultation closes on 19 October 2016.