Dealing with employee benefits can be time consuming and can be a highly complex area, presenting risks to your business if not administered correctly.
Legislation and case law in this area continues to grow ever more complex and the penalties for non-compliance ever higher.
We have a wealth of experience in assisting clients to deal with their annual obligations in relation to forms P11D and P11D(b), and s336 (business expense) claims and can advise and assist in relation to the impact of benefits on both the employer and individual.
Please bear in mind that an obligation to declare benefits may arise where you reimburse expenses to employees. The obscure nature of some benefits may mean that you will not always be aware that a declaration to HMRC is required. We can assist with dispensation applications which, if successful, can minimise the range of matters that need to be reported to HMRC annually.
We can also advise and assist business owners on the most efficient structures for common benefits, such as company cars & fuel, private medical cover and low interest loans. Even if you have only a few employees, you may find our assistance with regard to employee benefits to be valuable.
If you need advice or would like to discuss how we might assist you with regard to employee benefits, please contact us.