Expenses and Benefits
This course provides an overview of the tax rules relating to expenses and benefits. It also help you identify when employers can make tax- and NIC-free payments to employees and the obligations involved.
£150 +VAT
Expenses and Benefits
£150 +VAT
365 days’ access
Expenses and Benefits
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Understand the tax rules relating to expenses payments and benefits-in-kind
- Know how to calculate the tax charge
- Recognise certain expenses and benefits which can be received tax-free
- Understand employers’ reporting and compliance obligations
About the course
The rules for calculating, reporting and paying tax on expenses and benefits are complex and there are severe penalties for failing to adhere to them. So it’s important for anyone who works in payroll or finance to understand the ins and outs of the benefits code.
Employers who provide expenses or benefits to employees or directors may need to notify HMRC and pay tax and NICs. The same goes for employees who receive them. This course provides a useful overview of this area of tax, before moving on to look at specific rules for common expenses and benefits, and employers’ reporting and payment obligations.
Please Note: This course only covers the United Kingdom
Contents
The expenses and benefits regime
An overview of expenses and benefits
Expenses
Benefits in kind
Following the regulations
The benefits code
Form P11D
Taxable charges
PAYE codes
Expenses
Taxable expenses
Tax relief rules
Travel expenses
The different types of travel
Approved mileage allowance payments
Foreign travel expenses
Non-travel expense exemptions
Benefits
Taxable benefits
Benefits in kind
Company cars and fuel
Bands and rates
Employer-provided vans
Trivial benefits
Tax-free benefits
Providing childcare
Tax-Free Childcare scheme
Employer obligations
Recording and reporting
Reporting obligations
Payrolling
Mandatory payrolling
PAYE Settlement Agreement
PSA deadlines
National Insurance Contributions
Penalties
Author
Sarah Laing
Sarah is a Chartered Tax Accountant (CTA) and a member of the Chartered Institute of Taxation (CIOT). Sarah currently works as a freelance tax author providing technical writing services to the tax and accountancy professions.
24 reviews for Expenses and Benefits
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Liesel Stander –
Great course
Valerie Morgan-Townsend –
Excellent course, very explanatory and laid out well
Victoria Hearsey –
Level is rather basic for a qualified accountant.
Wu Wai Yan –
clear
Grainne Glancy –
good
Jonathan Bussey –
good
Paul Timney –
Its a good overview of BIK’s
Amanda Wilkins –
Great course
Nadine Pryce –
It would have been useful to explain the Tax or NIC treatment or implications for a common situation such as where an employer pays more than the approved mileage rate. For example.. 70p per mile compared to the allowed 45p per mile up 10000 miles then reduced to 25p per mile
ronit Shakhani –
please return automatically to the page that has been missed
Chi Irozuru –
Really good course with relevant examples
Kenneth E J Chedzey –
A highly informative and detailed course for anyone new to PAYE and NIC.
Chris Tytler –
Was fully engaged and was good to refresh knowledge
Mike Lewis –
A good refresher ahead of 5 April and the need to complete P11D’s for the year.
Corey Francis –
the content was directly related to my role within the company and has a certificate available. as a bonus it was interesting.
Stephen Smith –
I can apply it to my clients in the future when checking they have reported all taxable benefits as an employer
Arsalan Mirza –
Jacqueline Marr –
It hepled me to understand what is required in order that I report to HMRC on time and with correct information
Ahmad Idrees Qadiri –
Leigh McShane –
Covered everything I needed to know
Catherine Hall –
Sarah Buckley –
madhvi Bindah –
Veronica Milne –
Met her objectives