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Entrepreneurs Panel

Laura Tenison
Brian Hay
Steve Purdham
Richard O'Sullivan
Debbie Pierce
Jeremy Roberts
Michael Oliver
Julie Meyer
David Pollock
Jennie Johnson
Charlie Mullins
Tony Caldeira

Benefits sacrificed

HMRC has announced a new VAT policy on employee benefits following the decision last year of the European Court in the Astra Zeneca case in which the court held that the provision by Astra Zeneca of vouchers to its employees should be subject to VAT.

Accountants now expect VAT to be paid in a broader range of circumstances.

At the moment HMRC sees a distinction between a deduction from salary and a salary sacrifi ce: the former is a deduction from an employee’s pay made in return for a supply of goods or services by the employer, the latter is an arrangement where an employee opts to receive a service and forgoes part of their salary in return.

Usually with a salary sacrifi ce the worker would enter into a new contract or accept an amendment to their current contract to refl ect the arrangement but from 1 January 2012 HMRC expects employers to account for VAT on benefits provided to staff in return for a salary sacrifice.

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