The CIPP wanted to ask if, due to the current situation relating to coronavirus, the £150 tax and National Insurance (NI) exemption that applies to social functions could be utilised elsewhere as it unfortunately, becomes more and more likely that Christmas parties will not be able to take place this year. Ordinarily, businesses are able to apply this exemption where a party or similar social function is hosted, and costs £150 or less per head, takes place on an annual basis, e.g. a Christmas party or summer barbecue, and where it is open to all employees of a business.
HMRC has confirmed that the exception that applies for annual events can only be used in line with current guidance, and not for the purposes of providing vouchers or gifts for employees.
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Volunteers needed - do you report PAYE Online for P11D, P11D(b) and P46(car) 3 November 2020
HMRC are currently redesigning the Expenses and Benefits service.
The redesign will be in line with Government Design Standards which puts further focus on the accessibility needs of its users as well as hoping to provide a more user-centred experience. Additional information on the redesign will be provided ahead of the launch. HMRC are looking for organisations that employ anywhere from five to 250 employees to participate in their user research, therefore, if this applies to your organisation, then this is your opportunity to contribute to the design process. To participate, sign up on gov.uk.
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HMRC webinars: Self-employed expenses 10 November 2020
HMRC is running a series of webinars that address the topic of expenses for the self-employed. The webinars are designed to outline the type of business expenses that can be claimed, and short videos, along with an online guide have also been made available.
Throughout the duration of the webinars, there is the opportunity to ask questions by using the on-screen text box.
Business expenses for the self-employed
This webinar discusses what business expenses are, alongside what is allowed and what isn’t, and also details how using simplified expenses can save time. It will also assist in the task of entering accurate figures onto tax returns.
Car expenses and the self-employed
For individuals who are using their own car for business, this webinar covers flat rate motoring expenses, calculating actual costs, leasing a car and personal contract purchases. It is aimed at self-employed sole traders and self- employed partnerships, but not limited companies, or company directors.
There is an online guide available on the topic of self-employed business expenses, and the following YouTube videos are also available:
• What expenses can I include in my Self Assessment tax return? • Claiming motor expenses if you’re self-employed • Cash basis and simplified expenses
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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