January 26, 2024

Benefits-in-kind In some cases, an employee can avoid being taxed on a benefit if they ‘make good’ the value of the benefit by reimbursing their employer. There are strict time limits for doing this. All reimbursements of taxable non-payrolled benefits for 2023/24 must be made by 6 July 2024. Which aligns with the date for

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Reporting benefits and expenses

Benefits and expenses

August 23, 2023

Reporting benefits and expenses HMRC has made it clear that employers  must submit their reports of benefits and expenses provided to employees  (P11D forms) in electronic form this year.  All paper P11Ds will be rejected, as will  any paper amendments to P11Ds for  earlier years. There are now only two options open when reporting benefits

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Payroll Hygiene

June 18, 2023

Payroll Hygiene The HMRC computer can be confused by incorrect information in PAYE returns, which may then result in a demand for more tax than you have deducted from your employees. This may happen when the HMRC computer records a duplicate employment for an employee, without ceasing the previous employment. For example, you take on

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PAYE K code

Dealing with PAYE K codes

March 15, 2023

A PAYE K code reduces your personal allowance to zero and adds a notional amount of income on to your salary to be taxed. The imposition of a K code will result in a significant amount of tax being deducted from your earnings. HMRC will impose a K code to collect existing tax debts, tax

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National Minimum Wage: Common traps

October 13, 2021

National Minimum Wage: Common traps    The top three mistakes made by employers concerning the National Minimum Wage (NMW) rates are: 1. Making deductions from wages (such as uniform or expenses) which take the pay below the NMW rate; 2. Failing to pay workers for all the time they work, including overtime; 3. Paying the

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