TRAINING COURSES
CPD Counts towards
CPDACCREDITED2017
Payrolling benefits and legislation update One day duration
CPD Counts towards
Who is this course aimed at? Everyone responsible for, or involved with payroll, expenses and benefits or policies within their organisation. This could be payroll, HR or finance professionals who need to keep up to date with legislative changes and understand and recognise the implications to their employer and employees. What will I learn? Employers are constantly alert to controlling and reducing employment costs yet often seek to maintain or enhance the range of benefits on offer to their employees. This course is designed to guide delegates through the complexities of the tax and NICs rules and to provide them with clarity and confidence. The course highlights the necessity to critically review existing dispensations; expense policies and identify the possible consequences to organisations if they fail to evaluate these. It specifies the impact of the abolition of dispensations, expenses covered by scale rates, new rules in respect of trivial benefits, other options of processing benefits and expenses, identifies what can be payrolled, how to enrol with HMRC and gives step by step guidance on calculating the benefits.
Course content ● Statutory exemption for qualifying business expenses ❍ How to reduce the risk of revocation and back-dated tax liability ❍ Transitional arrangements for bespoke scale rates ❍ End of the dispensation regime ● Review current expense policies ❍ Earnings where employees are entitled to income tax deduction ❍ What needs to be reported to HMRC ❍ Travel and subsistence ❍ Home worker ❍ New benchmark scale rates for meal allowances ● Statutory exemption for trivial benefits ❍ Identifying trivial benefits ❍ Restrictions ❍ Effect on end-of-year reporting ● Abolition of the £8,500 threshold ❍ Impact on benefits for low earners ❍ How this effects employers ❍ Impact on end-of-year reporting ● Pay As You Earn Settlement Agreements (PSAs) ❍ Setting up a PSA ❍ Items that can be covered ❍ Calculating tax and Class 1B NICs liability ❍ Renewing or cancelling PSA ● Voluntary payrolling of benefits in kind ❍ The statutory framework for payrolling explained ❍ Implications for employees and employers ❍ Impact on tax codes and procedures ❍ Benefits that can be included and calculating their cash values ❍ Effect on end-of-year reporting
Course aims On completion, delegates should be able to: ● Appreciate the importance of maintaining policies and processes to ensure compliance ● Avoid risks of HMRC revoking dispensations or challenging expense policies ● Confidently meet their obligations and responsibilities to their employer, employees and HMRC
Take full advantage of the latest statutory exemptions and the streamlined procedures, and understand the benefits and pitfalls
“ I felt the course delivered the information required ” Malcolm Elders, company accountant, National Tube Stockholders Ltd
“Happy with the content and delivery” Tracy Colborn, payroll administrator, Interbulk – UBC Ltd
61
Please note that the CIPP continually updates its products and services to ensure that they meet the needs of the industry, therefore content is subject to change without prior notification. Please visit cipp.org.uk for the most up to date information.
Made with FlippingBook - professional solution for displaying marketing and sales documents online