1 month left to payroll employee benefits and expenses

Employers have one month left to register online to put expenses and benefits through payroll for the 2019/20 tax year, ahead of the deadline on 5 April 2019.

Payrolling benefits in kind means most employee benefits can be taxed through payroll instead of through the worker's individual tax code.

Employers also need to inform HMRC of the expenses and benefits their staff have received throughout the tax year, and the class 1A national insurance contributions (NICs) due.

For benefits given in 2018/19, this information must be reported on P11D and P11D(b) forms and filed with HMRC by 6 July 2019.

Those who registered to payroll benefits in kind will only need to complete a P11D for benefits that have not been payrolled.

They will still need to complete a P11D(b) form to report class 1A NICs on all benefits given.

Talk to us about outsourcing payroll.

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