Reporting Benefits in Kind to HMRC via forms P11D
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019 are due to HMRC by 6 July 2019.
The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019 are due to HMRC by 6 July 2019.
This new charge will apply to certain loans to directors and employees that are still outstanding on Friday 5 April and new arrangements put in place after that date.
The government has published a policy paper and consultation document on the proposed changes to the off-payroll working rules.
If your business makes a loan to your employees this can create tax problems for both employees and employers. Fortunately, not all loans create a tax problem.
HMRC have set up a new compliance scheme, the Social Care Compliance Scheme (SCCS) to help employers pay National Minimum Wage.
In the biggest rise in National Minimum Wage (NMW) rates for those under 25 for a decade, new rates apply from 1 April 2018.