GRiD calls on Chancellor to address 'unfair' double GIP taxation

In the letter, GRiD's Paul White and Clare Lusted have outlined concerns toward HMRC's "flawed" interpretation of optional remuneration arrangement (OpRA) taxation rules, on behalf of the group risk industry. The industry body stated that the current interpretation means an employee claiming on GIP will be taxed twice; on the salary sacrificed for their GIP cover and taxed on the benefits they receive if they are unable to work due to sickness or injury. GRiD have told the Chancellor that the taxation of both input and output is "unfair," as previously noted by HMRC in 2019, and must ...