ACCA Archives - Page 115 of 195 - Whitefield Tax - Isle of Wight Accountants

P11D deadlines

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

New ‘special rules’ will shortly impact on the filing of P11D returns. The 2017/18 tax year will be the first tax year where the value and types of benefits that employers report on their 2017/18 forms P11D and P11D(b) can be affected by the introduction of ‘special...

Non-taxable employee benefits and payments

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

An employer can provide some benefits to employees on which the employee is not taxable – from advice on pensions to work-related training. Benefits on which the employee is not taxable are listed in chapter 5 of HMRC Booklet 480 ‘A tax guide – expenses and benefits’....

Travelling and subsistence – what to enter on the P11D

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

Some paid or reimbursed expenses are exempt and do not need to be reported. The P11D guidance issued by HMRC states that form P11D box N should include ‘the total non-exempt expenses reimbursed on fares, hotels, meals and so on including travel between home and a...

PAYE Settlement Agreement (PSA)

by Jessica Garbett | Jun 26, 2018 | ACCA, business taxation, employer returns

After 5 July 2018, you can’t apply for a PSA for the 2017 to 2018 tax year. As a reminder, a PAYE Settlement Agreement (PSA) allows an employer to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or...

Changes in the taxation of overseas pensions

by Jessica Garbett | Jun 25, 2018 | ACCA, personal taxatation

Rules have changed for overseas pensions. When preparing your 2017/18 tax returns you need to remember that the taxation rules changed from April 2017. What has changed? Before April 2017 the rule was that only 90% of a UK resident’s foreign pension was taxed. HMRC...

VAT special schemes

by Jessica Garbett | Jun 21, 2018 | ACCA, business issues, VAT

Businesses could benefit from considering these special schemes. As the Making Tax Digital (MTD) for VAT April 2019 date looms large (coupled with delays to HMRC’s digital projects) it is worthwhile looking at VAT special schemes. A number of special schemes are...

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P11D deadlines

Non-taxable employee benefits and payments

Travelling and subsistence – what to enter on the P11D

PAYE Settlement Agreement (PSA)

Changes in the taxation of overseas pensions

VAT special schemes

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