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p11d
Online Expenses and Benefits Forms
HMRC have announced that it has started to provide both employers and agents and additional method of reporting year-end benefits and expenses. These are Web-based forms which, according to HMRC, will be most useful for small to medium-sized employers. Initially, two forms will be available, though more will be available as they are developed: [...]
Expenses and Benefits Forms 2012/13
Regarding P11D information for this year (2012/13), we were frustrated last week that we could not find the English version of the P11Ds or Working Sheets on HMRC’s Website. However, we could find the Welsh versions there without any problems at all. Unfortunately, with only a very basic knowledge of the Welsh language, these were [...]
Childcare Vouchers and the Basic Earnings Assessment 2013/14
Following a query on our Forum, we are repeating this article from last year, updated for 2013/14 tax year: As we approach the end of one tax year and the start of another, it is relevant to remind payrollers of their administration task which is the Basic Earnings Assessment (BEA). As you will remember, the [...]
The Learn Centre Annual Conference 2013
The Learn Centre Conference was advertised as the must-attend payroll event for 2013 and, indeed, it certainly lived up to this ambitious promise. In two and a half days, we managed to cover every ‘hot topic’ that will impact the payroll and HR professions in the next year, including: RTI ‘the basics’, RTI ‘the update’ [...]
The Learn Centre’s Annual Conference
Maybe I am a bit ‘old school’, however, when a product or company makes a claim, this should be backed up by actions. In short, it needs to do what it says on the tin. Of course, I am making an obscure reference to the shocking news last week that some meat products were not [...]
FAQ – How Many Years do we have to keep Payroll Records For?
When requested by HMRC, Regulation 97 of the Income Tax (Pay As You Earn) Regulations 2003 requires employers to ‘produce’ their ‘PAYE records’, other than those that they have already been sent, at a ‘prescribed place’. This is for a period of not less than three years following the tax year to which they relate. [...]
Real Time Information – PAYE Pooling
In October 2011, HMRC published a Discussion Document entitled PAYE Pooling. This was part of the Government’s commitment to improving and simplifying the operation of the PAYE system. Most employers will have one tax reference, however, may require multiple references, depending on the business operation. For example, a single employer may have tax references for [...]
RTI Updates, Universal Credit and Strikers, Auto-Enrolment Updates, Double Taxation Agreements, Gift Aid Small Donations Scheme, Security Accessories in Company Cars and P11D Reminder
I wondered last week – are we all ‘guilty’ of tax avoidance? Many of us will use the likes of an ISA or a pension scheme. Surely these are all methods by which we legitimately save on our tax liability. Is this classed as tax avoidance or is it classed as legal tax avoidance? So, [...]
What are the deadlines for P11D processing?
Simply, The Income Tax (Pay As You Earn) Regulations 2003 (Regulation 85) require that the employer is required to submit all relevant and completed P11D and P9D returns to HMRC by 07 July each year. In practice, this means that they must be received at HMRC on or before 06 July. Regulation 94 requires the [...]
I am starting to prepare my P11Ds. What do you recommend as essential reading / literature?
There are a few manuals and guides that are invaluable for all payrollers: Booklet CWG5 – information about Class 1A NICs on benefits in kind Booklet CA33 – specifically for Class 1A NICs on car and fuel benefit Booklet 480 – the ‘bible’ of the P11D containing HMRC’s guidance on the applicable legislation Booklet 490 [...]
Where do I send my P9Ds / P11Ds when I have completed them?
In May 2011, HMRC announced that it had set up a dedicated post room to handle paper P9D, P11D and P11D(b) Returns submitted by employers. The address is: HM Revenue and Customs (NIC&EO) P11D Support Team Tynemouth House Room BP8019 Benton Park View Longbenton Newcastle upon Tyne NE98 1ZZ The forms must be received before [...]
We payroll our benefits so that the tax liability is accounted for each pay period. Do we still have to file the P9Ds / P11Ds?
Despite HMRC consideration of formal procedures for replacing P11D reporting with payrolling of benefits and expenses, existing legislation requires employers to submit P11Ds or equivalent lists, even if they have local agreements to process the tax liabilities for benefits and expenses through the payroll. HMRC can impose penalties for failure to file P11Ds. The following [...]
What is a S336 Claim? Should this be completed by the employee or the employer?
This acronym refers to Section 336 of the Income Tax (Earnings and Pensions) Act 2003. Broadly, if an employer makes a declaration on the P11D, which the employee and HMRC agree can be counted as tax deductible, this is referred to as a S336 Claim. This would, generally, be an expense that has been declared [...]
P35 Interim Penalty Letters / P35 Reminder (4)
True to their announcement in March 2012, HMRC are starting to send out their P35 Interim Penalty Letters to employers who, according to their computer systems, have not filed their P35 for 2011/12. This is advising employers that they have already incurred a penalty and provides information on what they should do to prevent this [...]
Company Vans
This week, there are two topics covered regarding company vans. The first concerns the statutory definition of a van for P11D purposes, in response to a number of questions raised on this subject. The second is a related piece of recent case law, which reinforces the legislation.
Company Vans – Jones v HMRC
An April 2012 First Tier Tax Tribunal decision fully endorses the legislative constraints of what is a van (as opposed to making a car a van). In the case, Mr Timothy Jones was supplied with a Land Rover Discovery 4 vehicle, which was available for private use. With regard to the vehicle: there were ‘racking [...]
Budget 2012 (2) – Charity Tax Relief, May Day Call for Tax Returns, Salary Sacrifice, Pool Cars, Swiss Mutual Agreement and Case Law Corner
Thankfully, it is nice and quiet on the payroll front as far as news and updates are concerned. As regards processing, this is one of our busiest times of the payroll year, with year-end on the near horizon, followed by P9D and P11D processing right behind. Please do not struggle and ensure that you are [...]
Pool Cars
It is appropriate this week that pool cars are covered in the Newsletter, as they have been the subject of both questions that we have been frequently asked and some recent case law: FAQ – What are the conditions for treating a car as a pool car? If a car or van meets the statutory [...]
P35 Reminder
Quick as a flash following the end of the tax year, HMRC issued a Return reminder to employers on 19 April 2012. This reminded employers that their annual returns should be sent on time or a penalty will be issued. Just our own reminder of the late filing penalties: Return Deadline Late Filing Penalty P35 [...]
Office of Tax Simplification
The Office for Tax Simplification (OTS) was established on 20 July 2010 with the purpose of providing independent advice to Government on areas of possible simplification of the tax system for taxpayers and businesses. This advice, in the form of a report, is presented to the Chancellor ahead of his Budget statement which may, or [...]
