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Benefits & Expenses Training for accurate P11D completion

21 May 14 | By: Jas Jhooty

training

With the P11D deadline date just over six weeks away we are reminding you that we offer P11D training courses delivered by ex-HMRC compliance inspectors that are available for booking on request.

Our P11D course covers the following topics: -

Overview of the P11D

  • Timetable and penalties, fines and interest charges
  • The use of alternative forms, software and working sheets
  • Determining whether a Class 1 or Class 1A NI liability arises
  • Avoiding the need to make entries on form, P11D:
  • Dispensations
  • Extra Statutory Concessions (ESCs)
  • Statutory Exemptions
  • PAYE Settlement Agreements (PSAs)

Completing the P11D

  • Assets transferred (cars, property, goods or other assets)
  • Payments made on behalf of employee
  • Vouchers or credit cards
  • Living accommodation
  • Mileage allowance payments
  • Cars and car fuel
  • Vans
  • Interest-free and low interest loans
  • Private medical treatment or insurance
  • Qualifying relocation expenses payments and benefits
  • Services supplied
  • Assets placed at the employee’s disposal
  • Miscellaneous items including
  • Subscriptions and professional fees
  • Canteen facilities
  • Childcare vouchers
  • Long service awards
  • Gifts
  • Expenses payments made to, or on behalf of, the employee, including
    1. Travel and subsistence
    2. Incidental Overnight Expenses (formerly known as PIEs)
    3. Entertaining – staff and clients.

Completing the P11D

  • Determining the benefits-in-kind that attract Class 1A NICs
  • The effect of processing benefits through the payroll
  • Calculating Class 1A liability
  • Timetable, penalties and payments

Completing the P9D

  • Overview of the differences between P11D and P9D
  • Which employees require a P9D form

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
  • Go armed with many valuable tips on the subject

Course delivery

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, please do not hesitate to contact us.

SEE ALSO – 2015 P11D TAX TRAINING SEMINAR TIMETABLE

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