{"id":844,"date":"2020-04-30T00:00:00","date_gmt":"2020-04-30T00:00:00","guid":{"rendered":"http:\/\/taxbak.co.uk\/index.php\/2020\/04\/30\/do-not-forget-to-file-returns-for-benefits-and-expenses\/"},"modified":"2020-04-30T00:00:00","modified_gmt":"2020-04-30T00:00:00","slug":"do-not-forget-to-file-returns-for-benefits-and-expenses","status":"publish","type":"post","link":"http:\/\/taxbak.co.uk\/index.php\/2020\/04\/30\/do-not-forget-to-file-returns-for-benefits-and-expenses\/","title":{"rendered":"Do not forget to file returns for benefits and expenses"},"content":{"rendered":"

Aside from the plethora of schemes to support businesses during the coronavirus disruption, employers should not forget that there is a raft of filing obligations that still need to be met. This post lists the various employer reporting obligations regarding employee benefits and expenses for 2019-20.<\/strong><\/p>\n

 <\/p>\n

The following table is reproduced from the government website:<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n
\n

What you need to do<\/strong><\/p>\n<\/td>\n

\n

Deadline<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n

\n

Submit your P11D forms online to HMRC<\/p>\n<\/td>\n

\n

6 July following the end of the tax year<\/p>\n<\/td>\n<\/tr>\n

\n

Give your employees a copy of the information on your forms<\/p>\n<\/td>\n

\n

6 July<\/p>\n<\/td>\n<\/tr>\n

\n

Tell HMRC the total amount of Class 1A National Insurance you owe on form P11D(b)<\/p>\n<\/td>\n

\n

6 July<\/p>\n<\/td>\n<\/tr>\n

\n

Pay any Class 1A National Insurance owed on expenses or benefits<\/p>\n<\/td>\n

\n

Must reach HMRC by 22 July (19 July if you pay by cheque)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

1. P11Ds – these are the forms that advise HMRC of the benefits provided by employers to employees. For example, company cars, health insurance, etc.<\/p>\n

2. Class 1A NIC is an employer National Insurance charge usually based on 13.8% of the cumulative benefits advised on P11D submissions for employees.<\/p>\n

Employers will be relieved to note that any Class 1A NIC paid is a deduction for tax purposes.<\/p>\n

And do not forget the P60s<\/strong><\/p>\n

Employers have a statutory duty to provide employees with a copy of their P60 – a statement of gross pay and tax deducted – for the tax year 2019-20, on or before 31 May 2020.<\/p>\n

We can help<\/strong><\/p>\n

Clients to whom we provide payroll and associated services will be glad to know that we will complete all of the above for you; unless you have other arrangements to handle these tasks in-house.<\/p>\n

Please call if you need help.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aside from the plethora of schemes to support businesses during the coronavirus disruption, employers should not forget that there is a raft of filing obligations that still need to be met. This post lists the various employer reporting obligations regarding employee benefits and expenses for 2019-20.   The following table is reproduced from the government […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-844","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-left-layout","blog-style-postblock","","blog-alt-odd"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=844"}],"version-history":[{"count":0,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/844\/revisions"}],"wp:attachment":[{"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=844"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxbak.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}