GRiD Autumn Statement 2023 Submission

GRiD has made a representation to HM Treasury for the upcoming 2023 Autumn Statement. Our submission: • Focuses on 3 key changes which we believe are achievable. • Includes background information on the issues. • Includes suggestions on how the changes could be implemented simply and effectively. The 3 key changes cover: 1. Excepted Group […]

GRiD responses to DWP/DHSC’s Occupational Health: Working Better consultation and HMRC/HMT’s Tax incentives for occupational health consultation

There are two linked Government consultations underway – one from DWP/DHSC, on extending the spread of occupational health services to more employers Occupational Health: Working Better and the other from HMRC/HMT seeking views on how the tax system might be adapted to support this Tax incentives for occupational health . They both close on 12 […]

GRiD letters re: GIP OpRA taxation to Rt Hon Jeremy Hunt MP, Chancellor of the Exchequer and Rt Hon Mel Stride MP, Secretary of State for Work and Pensions

In March 2023, GRiD’s Chair and the Chair of GRiD’s Regulations Committee wrote to the Chancellor and the Secretary of State for Work & Pensions outlining material concerns regarding HMRC’s flawed interpretation of the legislation relating to the taxation for employee benefits, such as Group Income Protection (GIP), within the context of an optional remuneration […]

Updated executive summary of HMRC’S approach to GIP OPRA taxation and their published technical notes dated August 2022 and September 2022

Updated executive summary of HMRC’s current approach regarding the taxation of Group Income Protection (GIP) within the context of an optional remuneration arrangement (OpRA) and their published technical notes dated August 2022 and September 2022. This updated summary is based on the latest technical notes produced by HMRC following a meeting with ABI and GRiD, […]

GRiD Spring 2023 Budget Submission

GRiD has made a representation to HM Treasury for the upcoming Spring 2023 Budget. Our submission focuses on 2 key changes which we believe are achievable, includes background information on the issues and includes suggestions on how the changes could be implemented simply and effectively. The 2 key changes cover: 1. Excepted Group Life Policies […]

GRiD/ABI executive summary of HMRC’s approach to GIP OpRA Taxation and their recently published technical notes dated August 2022 and September 2022

The taxation of optional remuneration arrangements (OpRAs) changed from 6 April 2017, reducing the taxand employer National Insurance Contributions advantages for benefits provided through these arrangements. This had a complex impact on Group Income Protection (GIP) policies, which typically offer cover based on a proportion of gross salary and are generally available to all employees. […]