If you are a business owner and offer your employees benefits in kind, you will be familiar with forms P11D. These are required to declare all benefits provided and to allow HMRC to calculate any additional tax due. Small and medium sized businesses will typically submit this information to HMRC using the Online End of Year Expenses and Benefits Service, an interactive PDF service operated by HMRC. However, the Online End of Year Expenses and Benefits Service is no longer available for 2021/22 submissions. This article explains what the service was, together with the changes, with details of what this means for SME payroll operators. Now may be a very good time to overhaul your business payroll processes for the future. (more…)
Business Services • Business Tax
If you are a business owner and offer your employees benefits in kind, you will be familiar with forms P11D. These are…
By RJP LLP on 21 June 2022