Supported benefit types
The software supports the recording and reporting of all HMRC His Majesty's Revenue and Customs is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers. benefits and expenses types.
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Assets transferred (cars, property, goods or other assets)
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Payments made on behalf of employee
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Vouchers and credit cards
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Living accommodation
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Mileage allowance payments not taxed at source
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Cars and Fuel
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Vans and van fuel
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Interest-free and low interest loans
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Private medical treatment or insurance
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Qualifying relocation expenses payments and benefits
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Services supplied
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Assets placed at the employee’s disposal
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Other items (including subscriptions and professional fees)
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Expenses payments made on behalf of the employee
Benefits can either be reported at the end of the year on a P11D P11D is used by employers to report end-of-year expenses and benefits for employees who earned more than £8,500. Employees who receive Benefits in Kind (BiK) are entitled to an end of year report that outlines their benefits and expenses in the tax year. or you can use Payrolling of Benefits (PBiK).
Good to know...
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HMRC Guidance: Expenses and benefits: A to Z. External website