P11D, Expenses and Benefits - 2014
- Total time
P11D, Expenses and Benefits - 2014
Starting dates and places
This product does not have fixed starting dates and/or places.
Description
The tax and NICs treatment of expense payments and benefits in kind is complex, with numerous pitfalls for the unwary or unprepared.Without exception, every year there are changes to the statutory rules which impact on employers’ systems and processes. Employers are constantly alert to controlling and reducing employment costs yet often seek to maintain or enhance the range of benefits on offer to their employees.
Whenever HMRC conducts an audit of an employer’s records, processes and systems, the inspector focuses on the payment of expenses and the provision of benefits in kind. It is commonplace for HMRC to find discrepancies and to demand the payment of significant amounts of underpaid t…
Frequently asked questions
There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.
The tax and NICs treatment of expense payments and benefits in
kind is complex, with numerous pitfalls for the unwary or
unprepared.Without exception, every year there are changes to the
statutory rules which impact on employers’ systems and processes.
Employers are constantly alert to controlling and reducing
employment costs yet often seek to maintain or enhance the range of
benefits on offer to their employees.
Whenever HMRC conducts an audit of an employer’s records, processes
and systems, the inspector focuses on the payment of expenses and
the provision of benefits in kind. It is commonplace for HMRC to
find discrepancies and to demand the payment of significant amounts
of underpaid tax and NICs for past years. Misunderstanding the
implications of the statutory requirements can prove very
costly.
This course is designed to guide delegates through the complexities
of the tax and NICs rules and to provide them with clarity and
confidence.
Who Should Attend?
Anyone with responsibility for the compensation and benefits
packages within their organisation.
Course Content
- Statutory Requirements and Implications
- Cars and Vans
- Fuel
- Childcare
- Beneficial Loans
- Relocations
- Travel and Subsistence Expenses
- Other Expenses
- Entertainment
- Telephones
- Subscriptions
- Vouchers / Credit Cards / Tokens
- Gifts and Awards
- Retirement Benefits
- Salary Sacrifice and Waiver Schemes
- Flexible Benefits Schemes
- PAYE Settlement Agreements
- Taxed Award Schemes
- Dispensations
- Grossing Up
Course Aims
On completion, delegates should:
- Understand the general tax and NICs rules of expenses payments and benefits in kind for employers and employees
- Comprehend the processing and recording requirements of expenses and benefits
- Confidently conduct discussions and negotiations with HMRC
- Review their employer’s expenses and benefits systems
What our delegates say...
"I will be able to apply content to my daily work from
today! I will also use notes for reference."
"Exactly what I was expecting. Very good."
The CIPP offer discounts for registered charities on all 1 and 2 day short courses (excluding Irish and International short courses) and 1 day conferences.
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Do you have experience with this course? Submit your review and help other people make the right choice. As a thank you for your effort we will donate £1.- to Stichting Edukans.There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.