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BVRLA to make "strong case" for salsac in Government consultation

Date: 22 August 2016   |   Author: Daniel Puddicombe

The BVRLA has claimed it will make a "strong case" for salary sacrifice schemes to receive "special consideration" as part of a HMRC consultation on their future tax treatment.

Earlier this month, the Government said it is concerned about the rising costs of some 'salsac' schemes and is considering limiting the income tax and national insurance contribution benefits.

The consultation suggests the Government could remove any tax and NI incentives which could effectively kill off the schemes.

"This is a consultation and it is important to remember that the Government has pledged 'to only consult on issues that are genuinely undecided'," said BVRLA chief executive, Gerry Keaney. "These company car schemes offer a valuable way of rewarding and retaining staff, particularly for many public sector organisations who have had to struggle with long-term pay freezes."
 
"Our research shows that 80% of salary sacrifice drivers are in the basic income tax bracket and these schemes provide them with a unique opportunity to drive a greener and safer car than they would otherwise," he added.

The consultation, announced in the 2016 Budget, will run until 19 October.

READ MORE: 11 car salary sacrifice benefits



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