Guidance

Simplification of exemptions for employee liabilities and indemnity insurance

Draft guidance on changes to tax rules where an employer funds costs or pays for legal indemnity insurance for employees for proceedings related to their employment from 2017 to 2018 tax year.

• From: HM Revenue & Customs
• Published: 20 March 2017

Documents

Deductions: directors’ and officers' liabilities and expenses: amount on which relief due

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Details

Draft updates to the Employment Income Manual (EIM) for the expected changes to Income Taxes (Earnings and Pensions) Act ITEPA 2003 from Finance Bill 2017.

If you have any comments, or queries, on this draft guidance please contact employmentincome.policy@HMRC.gov.uk.

The guidance will be finalised and published in the EIM following Royal Assent of Finance Bill 2017.

Published 20 March 2017