Wokingham Accountants
Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits. The obligations will vary depending on whether the benefits and expenses have been payrolled or not or included in a PAYE Settlement Agreement (PSA). Payrolled benefits Where an employer payrolled benefits … Read more
Employers who provided taxable expenses and benefits to employees during the 2020/21 tax year will need to report these to HMRC, on form P11D by 6 July 2021, unless the benefit or expense has been payrolled or is included within a PAYE Settlement Agreement. Benefits covered by an exemption do not need to be included. … Read more
Where employees were provided with taxable benefits and expenses in 2018/19, these must be notified to HMRC. The reporting requirements depend on whether the benefits were pay-rolled or not. Benefits not pay-rolled Taxable benefits that were not pay-rolled in 2018/19 must be reported to HMRC on form P11D. There is no need to include benefits … Read more
