employer returns Archives - Page 6 of 12 - Whitefield Tax - Isle of Wight Accountants

The full range of benefits in kind

by Jessica Garbett | May 8, 2019 | ACCA, business taxation, employer returns, personal taxatation

There’s a lot to consider when it comes to employees using assets for private use. Start with a simple or not so simple question – what is the taxable benefit in kind to an employee or director when the employer allows the employee to use an asset for private use?...

Employment benefits

by Jessica Garbett | Aug 20, 2018 | ACCA, business taxation, employer returns, personal taxatation

A refresher on the treatment of benefits, form P11D and relevant deadlines. Employment benefits fall into the following broad categories: Salary, which is taxed through to payroll when the money paid to the employee is usually monthly or weekly. Taxable benefits in...

Filing deadlines for limited companies

by Jessica Garbett | Aug 13, 2018 | ACCA, business issues, business taxation, employer returns

Ensure you understand your filing deadlines. Private limited companies have filing deadlines for accounts and tax returns. ACTION DEADLINE First accounts with Companies House 21 months after date...

P11D deadlines

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

New ‘special rules’ will shortly impact on the filing of P11D returns. The 2017/18 tax year will be the first tax year where the value and types of benefits that employers report on their 2017/18 forms P11D and P11D(b) can be affected by the introduction of ‘special...

Non-taxable employee benefits and payments

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

An employer can provide some benefits to employees on which the employee is not taxable – from advice on pensions to work-related training. Benefits on which the employee is not taxable are listed in chapter 5 of HMRC Booklet 480 ‘A tax guide – expenses and benefits’....

Travelling and subsistence – what to enter on the P11D

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

Some paid or reimbursed expenses are exempt and do not need to be reported. The P11D guidance issued by HMRC states that form P11D box N should include ‘the total non-exempt expenses reimbursed on fares, hotels, meals and so on including travel between home and a...

The full range of benefits in kind

Employment benefits

Filing deadlines for limited companies

P11D deadlines

Non-taxable employee benefits and payments

Travelling and subsistence – what to enter on the P11D

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