London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Payrolling benefits

HMRC is still encouraging businesses to look at payrolling benefits; in theory all benefits can be payrolled except living accommodation or interest free loans. 

This is probably most useful for employers who provide only a limited range of low value benefits e.g. private medical insurance benefits. If these are put through the payrolling benefits system there will be no need for a P11d for every employee at the year end (although a form still needs to be completed to sort out the National Insurance) and the amounts involved tend to be relatively small so there are no significant complications with joiners and leavers.

If you think this may be useful in your circumstances you need to register by 5 April to operate the system for 2018/19. Full details are available on HMRC’s website.

 

 

Date: 20th March, 2018
Author: David Hadley

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

One of our most popular blogs this year is our piece with @mercerhole on why developing a relationship with the rig… twitter.com/i/web/status/1…

Sandy Bell, Partner in Rickmansworth considers the merits of Furnished Holiday Lettings in Optima magazine… twitter.com/i/web/status/1…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn