Employment tax consultations: where are we now?

In the 2014 Budget the government announced that in response to the recommendations of the Office of Tax Simplification (OTS) it would launch a package of four consultations on employee benefits in kind and expenses. These consultations were launched in June 2014 and have been supplemented in July and August 2014 by further related consultations on subsistence and travel and a general call for evidence on remuneration practices.

In addition the government has launched consultations on possible changes to the tax treatment of employment related securities (ERS): firstly introducing the concept of a ‘marketable security’ for the purposes of determining the date when payment of any tax due arises; and secondly introducing...