Increased tax on meal allowances
Probably not a good time to mention the increased tax on those now admitted £1000pcm meal allowances.
Previously, 35% would have been taxable so:
£350 @ 40% higher rate/20% basic rate = £140/£70pcm respectively
And after the HMRC review and BASSA submission, the taxable element was raised to 59% so:
£590 @ 40% higher rate/20% basic rate = £236/£118pcm respectively
That equates to an actual increase in tax of £96/£48 pcm.
Reported in one communication from BASSA as "just a few pounds a month".