An Overview of UK Benefits and Expenses Taxation
The UK is not alone in having a complex tax and social security system, although it does have the dubious distinction of having more tax legislation than any other country in the world at over 17,000 pages. Whilst the correct taxation of cash earnings is of course crucial, the provision of benefits in kind and expenses also lead to tax and social security implications for any employees subject to UK tax. As the types of benefits that can be provided are very wide-ranging and the legislation therefore correspondingly complex, we will pick out the key topics where the UK tax authorities frequently find that employers are non-compliant. The course is delivered over three days from 3.30pm to 5.30pm GMT in order to accommodate worldwide time zones. A pack of slides are provided to all delegates
Who is this course for?
It is aimed at those who are looking to start running a payroll in the UK for their organisation, or those who are utilising the services of a service provider who want a better understanding of the setup requirements so they are better able to support their business and ensure compliance in their organisation.
What will you achieve?
Whilst it is impossible to cover every possible type of benefit and the way that it is provided, delegates will leave the course with the knowledge to challenge the policies and processes that are in place for UK-based employees to ensure the compliant provision and reporting of benefits and expenses.
Kate, AMBCS, mGPA, is a regular conference speaker, lecturer and writer on legislative issues, including tax and National Insurance, benefits and the whole range of employer compliance responsibilities. She undertakes consultancy work with employers and payroll agents assisting them with topics such as payroll health checks, national minimum wage and auto-enrolment, systems selection and departmental re-engineering. She is the vice chair of the ICAEW Employment Taxes and NI committee and Chair of the pan-professional Reward and Employment Engagement Forum. Prior to setting up her own company in 2005, she was the Payroll Legislation Manager at M&S, for whom she worked for 20 years, eleven of them in payroll.
- Dates, definitions, deadlines and penalties
- How you provide a benefit in kind affect the tax and social security treatment
- A detailed consideration of each of the 14 sections of the P11D form used to report benefits and expenses annually to the UK tax authorities
- The impact of offering benefits in kind through an optional remuneration arrangement (often called salary sacrifice or salary exchange)
- How employers can pick up any taxation costs through a PAYE settlement agreement with the tax authorities
- How to introduce the taxation of benefits in kind via the payroll process rather than the end of year submission of the P11D
What will be covered?
Even though the course is delivered online there is the opportunity to ask the presenter any technical questions or request additional support throughout. Post-course support can also be offered with the fee subject to negotiation depending upon whether this is one-off, or the delegate would prefer a retainer service which we offer to clients based on an hourly rate. Complementary courses The Global Payroll Association also offers the following courses for employers with employees based in the UK:
• An overview of UK payroll (three x 2 hour sessions over three days)
• A UK payroll compliance update - covering recent and future legislative developments (two x 1 ½ hour sessions over two days)
• Preparing for the taxation of contractors and consultants through the payroll from April 2021 (two x 1 ½ hour sessions over two days)