No plans for fundamental reform.
The Government has now released its response to the summer consultation on the taxation of employee expenses and while some steps will be taken to improve the system no fundamental reform is planned.
Those intended steps were announced at Autumn Budget 2017 and are as follows:
KPMG’s submission in response to the consultation document can be found here. We welcome the Government’s acknowledgment that work in this area requires considerable care as it impacts so many individuals and employers alike. And we particularly welcome the planned consultation on self-funded training and the planned improvements to the guidance; as we move to a digital tax system, technology has an enormous amount to offer in helping taxpayers make the right claims.
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