Payrolling
HMRC WILL NO LONGER ACCEPT PAYROLLED BENEFIT DETAILS ON A CD
1 March 2012
In May 2011 HMRC advised that following representations from stakeholders, they agreed to trial a process giving employers the option to file P11D details for payrolled benefits in the form of a spreadsheet on a CD. The results of this trial process have been evaluated. The take up of this process was low. In view of this, plus the cost to implement and the potential security issues surrounding the processing and storage of CDs, HMRC have decided to end the trial and cease to offer this option of filing P11Ds.
HMRC thank those who participated in the trial but this method should no longer be used to submit P11D details for benefits that have been payrolled.
Any CD containing P11D information received by HMRC after the date of this note will, for security reasons, be destroyed upon receipt and the employer notified to enable them to submit their P11D information using one of the agreed filing methods. Further information on the methods available for submitting payrolled benefit information can be found in the expenses and benefits section on the HMRC website at http://www.hmrc.gov.uk/paye/exb/overview/basics.htm
P11D
480 (2012) EXPENSES AND BENEFITS BOOKLET
3 May 2012
It has been brought to our attention that there is a small discrepancy within the 480 booklet regarding the reporting of car accessories.
Section 12.2 (Later Accessories) of the 480 (2012) states that “A later accessory is one which was not available with the car at the time when it is first made available to the employee, but is available in the tax year in question. Later accessories are disregarded if added before 1 August 1993 or if the price does not exceed £100.”
P11d help notes state that you must report if the cost is £100 or more.
Regulations ITEPA (2003) 126 (3)d states that the price has to be at least £100.
If you are dealing with an amount that is exactly £100 then you must report the value.
The Policy team have informed HMRC that the 480 contradicts the regulations and they will correct this when reviewing the booklet for the 2013 version.
Thank you to our advisory service for alerting us to the discrepancy.
P11D(b) Return of Class 1A National Insurance Contributions – 1st Interim Penalty for outstanding 2011-12 returns
CIPP Policy News Journal
12/04/2013, Page 92 of 362
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