Overview
This course will bolster your knowledge, skills, and confidence in the areas of employee benefits. Benefits in kind are increasingly awarded by employers to staff as part of a comprehensive total reward package. Ensuring these items are reported correctly to HMRC can be complex, with a myriad of rules to follow.
AT Centre of Accountancy Careers & Training Ltd this course is designed for those in payroll or finance who are responsible for administering expenses and benefits provided to employees.
The course aims to help trainees to navigate the complex tax and NICs rules for a range of expenses, benefits in kind and the rules around travel and subsistence. In addition, learner will provided guidance on how to calculate and report the values of these benefits on form P11D and Class 1A NICs on form P11D(b).
CONTENT
Provision of accommodation and home-working benefits
- Accommodation
- Home phones, internet and homeworking
- Use of an asset owned by the employer
- Relocation expenses
Vehicle and subsistence benefits
- Cars and fuel
- Vans
- Buses to shops
- Congestion charges
- Cycles and cyclists’ safety equipment
- Emergency vehicles
- Mileage allowance payments
- Parking spaces
- Transport for disabled employees
- Travelling and subsistence
- Meals
Childcare provision
- Statutory exemption
- Other exemptions
Staff entertainment and other benefits
- Christmas parties and annual functions
- Vouchers and credit tokens
- Third-party gifts
- Business expenses payments
- Trivial benefits
- Interest-free or cheap loans
- Long-service awards
- Medical support and professional subscriptions
- Medical check-ups and insurance
- Eye tests and corrective appliances
- Professional subscriptions
P11D calculations and submission of returns
- How benefits in kind calculated?
- Returns and time limits for submission of forms
- Submission of returns
COURSE AIMS
At the end of this course, delegates will be able to:
- Identify exactly what has to be reported on P11D returns
- Determine how the various benefits-in-kind are calculated
- Avoid making common P11D mistakes
- Appreciate the importance of maintaining policies and processes to ensure compliance
- Meet their new legislative obligations and responsibilities
SUITABLE JOB ROLES
- Payroll administrators
- Payroll co-ordinators
- Payroll supervisors
- Payroll Managers
- In-house payroll team