• Employee shareholder tax: the income tax and capital gains tax reliefs associated with employee shareholder status (ESS) will be abolished for ESS shares acquired in consideration of an ESS agreement made on or after 1 December 2016. The government also intends to close ESS status to new users "at the earliest opportunity".

  • National minimum and living wage increase: from 1 April 2017, the following increases will come into effect:

    • National living wage (age 25 and over) will increase from £7.20 to £7.50.

    • Standard adult NMW rate (age 21 to 24) will increase from £6.95 to £7.05.

    • Development NMW rate (age 18 to 20) will increase from £5.55 to £5.60.

    • Young workers NMW rate (age 16 to 17) will increase from £4.00 to £4.05.

    • Apprentice NMW rate (age under 19 or in the first year of an apprenticeship) will increase from £3.40 to £3.50.

    • Daily accommodation offset will increase from £6.00 to £6.40.

  • Termination Payments: as already announced, the following will apply from April 2018:

    • The exemption from income tax and NICs for termination payments up to the current threshold of £30,000 will be retained;

    • Employer NICs will be payable on payments above £30,000.

However, it has been confirmed that income tax will only be applied to the equivalent of basic pay if their notice is not worked.

  • Salary sacrifice: restricted to certain benefits: from April 2017, the only benefits that will continue to benefit from tax and NICs relief if provided through a salary sacrifice arrangement are:

    • Enhanced employer pension contributions to registered pension schemes (and pension advice).

    • Childcare benefits (employer-supported childcare and provision of workplace nurseries).

    • Cycles and cyclists' safety equipment provided under the cycle to work scheme.

    • Ultra-low emission cars.

Existing arrangements will be protected until April 2018 (or April 2021 for cars, accommodation and school fees).

  • Off-payroll working in the public sector

With effect from 6 April 2017, all payments by public sector engagers to workers supplied by personal service companies will be treated as payments of employment income on which either the engager or third party intermediary (if any) will be required to account for tax.