HMRC is hosting some more webinars on expenses and benefits – specifically end-of-year (P11D), employee travel expenses and homeworking.
You can ask questions during live webinars by using the on-screen text box.
PAYE: End of year expenses and benefits (P11D): For employers who didn’t payroll their employees’ benefits in 2017/2018, we’ll use examples of some of the more common benefits to show you how to complete parts of the form P11D, including car and car fuel, vans, employees using their own vehicles, medical insurance and more.
Tuesday 5 June – 11am to midday
Expenses and benefits for employers – company cars, vans and fuel: This webinar gives an overview of what information you need to keep for vehicles, fuel and private use of cars and vans, and how to use the online calculator to work out the amount to report for payrolling or P11D.
Thursday 7 June – 2pm to 3pm
Expenses and benefits – phone, internet and homeworking: Find out how to deal with tax and National Insurance when you provide a mobile phone, internet connection or homeworking expenses.
Friday 8 June – 11am to midday
If you haven’t joined a webinar/online presentation before, HMRC has produced a guide that will tell you what you need to do.
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BiKs with Cash Allowances, Flexible Benefit Packages and Salary Sacrifice 20 June 2018
Do you offer your employees cash allowances, flexible benefit packages with a cash option or salary sacrifice in return for a Benefit in Kind (BiK)?
HMRC included a reminder in their latest Employer Bulletin that the new rules for these types of BiKs changed on 6 April 2017. Arrangements entered into on or before 5 April 2017 kept their previous tax treatment until the earlier of a renewal or variation of the arrangement.
All pre-6 April 2017 BiKs moved into the new rules on 6 April 2018.
However, pre-6 April 2017 cars and accommodation move into the new rules on the earlier of renewal or variation or April 2021. Pre-6 April 2017 school fees have special rules, but all move into the new rules from April 2021.
P11Ds for 2017-18 You may have an employee who is in the traditional rules and then moves into the new rules mid-year. If so, then you can report it either as two separate BiKs or a combined figure.
P11Ds and cars When completing the P11Ds you need to correctly complete all of the fields for cars. If you don’t do this:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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