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P11D, Expenses and Benefits - 2015

The Chartered Institute of Payroll Professionals

Summary

Price
£468 inc VAT
Study method
Classroom
Duration
1 day · Part-time
Qualification
No formal qualification

Location & dates

Location

Address
B90 4ZL
United Kingdom
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Address
WC2E 9RA
United Kingdom
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Overview

The tax and NICs treatment of expense payments and benefits in kind is complex, with numerous pitfalls for the unwary or unprepared. Without exception, every year there are changes to the statutory rules which impact on employers’ systems and processes. Employers are constantly alert to controlling and reducing employment costs yet often seek to maintain or enhance the range of benefits on offer to their employees.

Whenever HMRC conducts an audit of an employer’s records, processes and systems, the inspector focuses on the payment of expenses and the provision of benefits in kind. It is commonplace for HMRC to find discrepancies and to demand the payment of significant amounts of underpaid tax and NICs for past years. Misunderstanding the implications of the statutory requirements can prove very costly.

This course is designed to guide delegates through the complexities of the tax and NICs rules and to provide them with clarity and confidence.

Description

Who Should Attend?

Anyone with responsibility for the compensation and benefits packages within their organisation.

Course Content

  • Statutory Requirements and Implications
  • Cars and Vans
  • Fuel
  • Childcare
  • Beneficial Loans
  • Relocations
  • Travel and Subsistence Expenses
  • Other Expenses
  • Entertainment
  • Telephones
  • Subscriptions
  • Vouchers / Credit Cards / Tokens
  • Gifts and Awards
  • Retirement Benefits
  • Salary Sacrifice and Waiver Schemes
  • Flexible Benefits Schemes
  • PAYE Settlement Agreements
  • Taxed Award Schemes
  • Dispensations
  • Grossing Up

Course Aims

On completion, delegates should:

  • Understand the general tax and NICs rules of expenses payments and benefits in kind for employers and employees
  • Comprehend the processing and recording requirements of expenses and benefits
  • Confidently conduct discussions and negotiations with HMRC
  • Review their employer’s expenses and benefits systems

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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Similar subjects: Bookkeeping, Accounting and finance