The Order increases the figure in s.150(1) of the Income Tax (Earnings and Pensions) Act 2003, which is used to calculate the cash equivalent of the benefit of car fuel received by an employee, from £18,000 to £18,800.
The draft Regulations amend the lower and upper earnings limits for primary class 1 national insurance contributions and the primary and secondary thresholds for primary and secondary class 1 national insurance contributions.
The Regulations prescribe that payment of a subsistence allowance by certain bodies of the European Union based in the UK to people seconded to that body for their expertise are disregarded for national insurance purposes.
The materials and information included in the XpertHR service are provided for reference purposes only. They are not intended either as a substitute for professional advice or judgment or to provide legal or other advice with respect to particular circumstances. Use of the service is subject to our terms and conditions.
Reed Business Information Limited trading as XpertHR is an Appointed Representative of Abbey Protection Group Limited which is authorised and regulated by the Financial Conduct Authority.