Payroll and P11Ds – Dispensations Versus Exemptions
The deadline for P11Ds this year is 6 July (and the date by which any tax due must be paid is 22nd July) and in this article we look at how the P11D has changed over the last 3 years or so in the area of dispensations and exemptions P11D Up to March 2016 Pre-April 2016, payroll departments could leave out certain expenses from the P11D form. providing they had been given dispensation to do so by HMRC. Such dispensations, which would only be approved by HMRC if they were satisfied that the...
Why Should You Consider Outsourcing Your Payroll Function?
As an outsourced provider of payroll services, we are often asked what are the benefits of outsourcing your payroll? In this article we look at the 4 main reasons we think smaller businesses should consider outsourcing their payroll function. As a business owner there are better ways to spend your time For some repetitive and detailed tasks, such as payroll, hold little appeal, even though getting them right is vital. Others might enjoy the prospect of the monthly payroll and understanding the...
The Good Work Plan and Payroll
The Government's Good Work Plan has gone live. Even though not all of it is actually up and running yet, there are implications for employers and payroll providers across the UK. Some parts of the Good Work Plan won't come into force until 2020, whilst some elements have not even been drafted yet. In this article we look at the current situation and give you some tips on what you need to do to ensure your payroll is compliant. Good Work Plan Items that are Already Live As of 6 April 2019, all...
HMRC Isn’t Always Right!! Always Check Your On Line PAYE Account
HMRC is not always right when it comes to 'hat you owe them. Perhaps that isn't all that surprising for such a big organisation that handles millions of tax calculations every year. But it's true. It is not because they deliberately do it - mistakes do happen. We have seen many occasions when HMRC has told our clients they have underpaid PAYE when they haven't. In this article we look at this area in a bit more detail. When it comes to PAYE it is important that you, or your outsourced payroll...
P11D Time is not far off – July 6th 2019
P11D forms have to be completed by 6th July 2019, for the text year 2018/19, with any Class 1 NICs owed paid to HMRC by 22nd July 2019. As we write this post, on 18th April 2019. That means the deadline is less than 3 months away, so it makes sense to start planning for it now, if you are an employer. If you provide expenses and/or benefits to your employees then you will almost certainly have to submit a P11D advising HMRC of these expenses or benefits now that the 2018/19 tax year is...
