As the deadline for submitting P11Ds for tax year 2021-21 will soon be upon us – 6 July 2021 - the CIPP’s Policy team wanted to ask how taxable benefits are reported within your company.
A new Quick Poll has been published on our News Online page to establish whether companies currently issue P11Ds, if they payroll benefits, or if they use a combination of the two.
Employers have the option of taxing benefits through payroll as opposed to reporting them to HMRC on P11Ds, if they wish. Most benefits can be reported in this way, with the exceptions of low-interest and interest-free loans and living accommodation, which still need to be included on P11Ds, even if other benefits are being payrolled for the same employees. Companies that payroll benefits are still required to calculate the Class 1A National Insurance (NI) contributions due and submit a form P11D(b) on the 6 July following the tax year that the contributions relate to. We understand that payroll professionals are extremely busy at present, but really appreciate the time you take to respond to research that the Policy team carries out. The Quick Poll should take less than a minute to respond to. Thank you in advance for your participation.
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Coronavirus (COVID-19)
ACAS webinars on coronavirus for employers 2 April 2020
ACAS has launched a series of advisory webinars for employers that relate to coronavirus. The webinars aim to provide practical advice for employers requiring assistance on managing the impact of coronavirus in the workplace.
The webinar will outline the details of government support and resources being made available to employers.
Along with important information for payroll professionals to be aware of, it also has a wider reach in terms of providing guidance that all employers should be aware of at the current time, such as steps to reduce the spread of the virus, the most effective ways of communicating with employees and equipping managers with accurate information and sufficient resources. There is also further advice around: • Self-isolating, time off, sickness certification. sick pay, and what to do if an employee becomes ill • Altering working hours, shift patterns and working arrangements • Remote working and the use of technology
The webinars are filling up quickly due to high demand, but ACAS keeps releasing new dates in response to this and has confirmed that further dates will be released in due course.
Sign up to the webinar on:
Tuesday 7 April 2020 – 10:30 am to 11:30 am Thursday 9 April 2020 -10:30 am to 11:30 am
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Update to HMRC’s SSP guidance to include self -isolation 3 April 2020
HMRC has updated its guidance on how to manually calculate Statutory Sick Pay (SSP) and added information on how to deal with SSP for employees self-isolating due to coronavirus (COVID-19).
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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