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Home / Blog / 2015 Benefits & Expenses Training for accurate P11D completion

2015 Benefits & Expenses Training for accurate P11D completion

29 January 15 | By: Jas Jhooty

training

Every year employers face the onerous task of reporting the cash equivalents of benefits & expenses provided to their employees, on P11D forms. Nobody likes to fill in these P11D forms. Employers are only given a short window of three months after the end of the tax year in which to complete these unpopular forms. Because they only have to completed once a year, it is easy to forget the complicated legislation that needs to be interpreted correctly to ensure that employees’ cash equivalents of provided benefits-in-kind are being calculated correctly.

It is for this reason that we are offering affordable P11D training courses that are delivered by ex-HMRC compliance inspectors. Whether you require refresher benefits and expenses training or you are new to completing the dreaded P11D forms, our training will leave you fully prepared and confident to face this onerous annual task.

New course syllabus for 2015

This year we have completely revamped this course to include detailed information of the many changes to employment taxation announced in the 2015 Finance Bill as a result of recommendations made by the Office of Tax Simplification.

The course is made up of the following modules: -

Employer’s Obligations

  • Statutory Time Limits
  • Effects of Payrolling benefits
  • Methods of delivery
  • Penalty provisions

P11D Sections

In this session we look at sections A – N of the P11D, paying particular attention to: -

  • Living Accommodation
  • Mileage Allowances
  • Company Cars
  • Company Vans
  • Beneficial Loans
  • Medical Benefit
  • Private Use of Assets
  • Relocation Expenses

Dispensations & PSAs

  • What can be included in a dispensation
  • How to obtain a dispensation
  • What is a PAYE Settlement Agreement (PSA)
  • Example PSA calculation

Employment Tax Changes in Finance Act 2015

  • Abolition of the £8,500 threshold
  • Simplifying the administration of employee expenses (automatic dispensations)
  • Statutory exemption for Trivial Benefits
  • Real time collection of tax through voluntary payrolling of benefits

Course Aims

At the end of this course, delegates will be able to:

  • Identify just what has to be reported on the P11D, P11D and P9D returns
  • Determine how the benefit is calculated,
  • Appreciate the importance of accurate records throughout the year,
  • Go away with an understanding of how to reduce the workload by use of dispensations etc. and
  • Leave armed with many valuable tips on the subject

Course Delivery & Costs

This course can be delivered either online or onsite at your premises depending on your requirements. The cost for online delivery for up to 4 delegates is £600 + VAT. The cost for an onsite visit for up to 8 delegates is £750 + VAT + expenses.

If you are interested in booking a course, or if require any further information please do not hesitate to contact us.

SEE ALSO – 2015 P11D TAX TRAINING SEMINAR TIMETABLE

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