CIPP UK: P11D calculation and reporting benefits - One day course

CIPP UK: P11D calculation and reporting benefits - One day course

  • Country

    United Kingdom

  • learning hour's

    6

  • Material Year

    2022

Overview

If you:

Are new to providing employee benefits and reporting P11Ds or payrolling them
Require a detailed refresher of the above
Have sign-off responsibility for reporting expenses and benefits to HMRC
Are at team leader level or above (or solo payroll specialist) as this is an advanced topic and assumes prior knowledge of basic PAYE and payroll processes

This course will bolster your knowledge, skills, and confidence in the areas of employee benefits.

At the end of the course, you should be able to:

Appreciate the effect that the UK’s benefits code has on a range of expenses and benefits (what is and is not reportable for Tax/NI)
Calculate the taxable value of various benefits
Calculate Class 1A NICs accurately
Complete forms P11D and P11D(b) correctly and on time

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.

Who is this course for?

This course is designed for those in payroll or finance who are responsible for administering expenses and benefits provided to employees. Aiming to help delegates navigate the complex tax and NICs rules for reporting a range of expenses and benefits in kind. You are provided guidance on how to calculate and report the values of these benefits on form P11D and Class 1A NICs on form P11D(b), including amending values to deal with employee changes in the year.

What will you achieve?

This essential course covers the following areas:

Calculating reportable benefit values, including company cars, accommodation, and PMI (private medical insurance)
Key terms including
- Marginal cost and market value
- Making good
Completing returns
- P11D, P11D(b), P46(Car)
Reporting and paying Class 1A NICs
Calculating values for payrolling benefits and ‘notional pay’

    Course Trainers

    • Fiona Smith

      Before joining the CIPP as a full-time trainer in September 2019, Fiona worked in payroll in different organisations for over 9 years including her role as Assistant Group Payroll Manager for Breedon Group Services, the UK’s largest independent construction materials firm. Fiona holds the CIPP Foundation Degree in Payroll Management and the CIPD Diploma in HR Management and uses the knowledge gained in both of these within her training role to ensure that CIPP members have the information, skills and knowledge they need to keep up to date with the ever-changing payroll obligations.

    What will be covered?

    This course concentrates on the mechanics of reporting benefits and expenses. It will cover calculating values, amending values to deal with employee changes and filing reports for P11Ds or payrolling benefits:

    • Advantages of effective and efficient expenses and benefits policy
    • Calculating reportable benefit values, including company cars, accommodation, and PMI (private medical insurance)
    • Key terms including
      - Marginal cost and market value
      - Making good
    • Completing returns
      - P11D, P11D(b), P46(Car)
    • Reporting and paying Class 1A NICs
    • Payrolling benefits
      - Adjustments
      - Communication
      Summary

      If you’re experienced in some aspects of payroll but are unfamiliar with reporting employee benefits and submitting P11D forms, just need a refresher in this specific area, or are looking to further your career, then this is the course for you.

      Focussing on P11D benefit calculations and reporting, this course not only contains the essential information you need to provide and report on employee benefits but also features one additional e-learning course to further boost your learning.

      The e-learning course: How to complete a P11D form, will support your learning and offers further demonstrations and examples of how to complete a P11D form to give you that extra confidence.

      The course is currently split into two half-day sessions, making this ideal for online learning.