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PVS Talks... What is OpRA?

PVS Talks... What is OpRA?

Since the 6th April 2017, new legislation (see HMRC’s Employment Income Manual): OpRA - Optional Remuneration Arrangements has come in to play, placing salary sacrifice schemes on an equal footing with other perk schemes provided to employees. This briefing note aims to illustrate how these changes will affect key individuals in the fleet industry, understand the underlying reason for these changes and finally provide some clarity for what the future holds.