Thinking about payrolling Benefits in Kind? Join HMRC online on Friday 26 May to find out what you need to know.
If you are thinking of starting to voluntary payroll your benefits in kind you will need to notify HMRC by registering via their registering online . You need to register before the start of the tax year you want to payroll for; so by 5 April 2018 for the 2018-19 tax year.
You must add the cash equivalent of the employees’ benefits to their pay and then tax them through your payroll. HMRC will make sure the value of the benefit is not included in your employees’ tax codes.
If you use the service you won’t need to use form P11D but you will still need to work out the Class 1A National Insurance contributions on benefits and complete form P11D(b).
Talking Points meeting This meeting will provide a basic overview of payrolling benefits in kind. It will take a brief look at what happens when you submit a Full Payment Submission and how to use the payrolling benefits and expenses online service. There are two sessions running on Friday 26 May for this popular topic:
11am to midday - Register here for this meeting 1pm to 2pm - Register here for this meeting
If you have any questions for our subject experts, please send them to team.agentengagement@hmrc.gsi.gov.uk prior to the meeting, including the title of the meeting in the ‘Subject’ line of your email.
These interactive meetings will be run on the ‘CITRIX’ platform. The organiser will run through how to ask questions on the day.
If you have missed any of HMRC’s earlier Talking Points meetings, you can watch the recordings here .
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HMRC’s Agent Account Managers 22 May 2017
HMRC’s Agent Account Managers (AAMs) provide an issue resolution service for tax agents, and advisers, who are unable to find answers to client-specific problems.
The AAMs are not a substitute for following the formal complaints procedure but they can help agents deal more effectively with HMRC by acting as an intermediary when normal communication channels are not operating effectively. Over 10,000 agents are registered to use the AAM service. The issues they assist with range from common problems, such as progressing client repayments, to more specific questions, such as finding the correct process for R40 claims for children and the elderly. To register for the AAM service you will need to complete the online User Registration form . You can do this before you even have an issue. You only need to register once, and only 1 representative needs to register for everyone in the firm to be able use the service. If you have more than 1 branch or office, 1 representative from each branch will need to register, but then everyone in that branch will be able to use the service.
Before you use the AAM service, you must first contact the HMRC office you’ve been dealing with or contact HMRC to resolve your issue.
The AAMs don’t give advice on technical matters or the interpretation of tax legislation and guidance; they are purely the ‘middle-man, to help you resolve your issue.
For full details on using this service, see guidance on Agent Account Managers in HMRC .
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 141 of 145
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