41% of employers unprepared for new HMRC tax rules

According to Aon Benefits & Trends Survey 2018, 41% of employers are unaware of the implications of the Optional Remuneration Arrangements (OPRA) which will come into effect on 6 April. The survey carried out by Aon Employee Benefits found that only 20% of organisations have made necessary changes and many are using a temporary ‘grandfathering' approach which the HMRC will no longer accept. Meanwhile, 38% said their strategy is unaffected by the new tax rule which was implemented by the government in April 2017. "In April, the ‘grandfathering' measures that many organisations utili...