The Chartered Institute of Payroll Professionals
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Payrolling of Benefits survey 2 June 2021
You may have noticed that HMRC referred to the P11D process as being ‘legacy’ within the Employer Bulletin: April 2021. Whilst businesses can report taxable benefits using either P11Ds or by payrolling benefits in real time, there does seem to be a shift towards encouraging the practice of payrolling benefits. The CIPP is carrying out some work in conjunction with HMRC to understand how many businesses submit P11Ds and how many process benefits via payroll. The Policy team has created a survey which explores that exact topic and aims to understand the reasons behind why businesses use the method that they do.
The survey also asks if there are any key barriers for businesses when it comes to payrolling benefits, where they are using the P11D process, and asks questions around deadline dates and the guidance that is available.
The survey should take approximately three minutes to complete and will be available until 30 June 2021. We are aware that payroll professionals are extremely busy at the moment and really appreciate any time that is taken to respond to the survey.
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CIPP Payrolling of Benefits survey 9 June 2021
One of the key areas of work carried out by the Policy team relates to research and collating the views and feedback of payroll professionals on the processes and work that they carry out within their jobs.
The CIPP is currently working alongside HMRC to establish which method employers use to report taxable benefits. Do they utilise the ‘legacy’ P11D process, do they payroll benefits in real time or do they use a combination of both?
In order to understand which practices are used, a new survey on the topic of payrolling benefits has been produced, which also explores the reasons behind why businesses use the processes that they do. Additionally, there are questions that address deadline dates and ask for opinions on the usefulness of the guidance that is currently available. We are aware that payroll professionals are still grappling with the Coronavirus Job Retention Scheme (CJRS), and are potentially busier than ever, so we really appreciate any time that you take to respond to the survey. It will take roughly three minutes to complete and will be available to respond to until 30 June 2021.
Don’t miss the opportunity to have your say and respond to our latest survey today!
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The CIPP’s latest webcast: Employer NICs holiday for hiring veterans 11 June 2021
Building on a Conservative manifesto pledge from back in 2019, a new employer National Insurance (NI) contributions holiday was made available from 6 April 2021, to organisations that hire eligible veterans. The CIPP’s Policy team has created a new webcast which discusses the details of the relief that are currently known.
The webcast is short and sweet, coming in at just over six minutes, but gives busy payroll professionals an overview of the key elements of the new employer NI contributions holiday and who can claim it.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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