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Are employee benefits and expenses giving you a headache?

Are employee benefits and expenses giving you a headache?

We think you would all agree that the regime for taxing employee benefits and expenses is unduly complex.

The good news is that HMRC have undertaken a review and have identified the following areas for review:

  • Business travel and subsistence expenses
  • The rules for dealing with termination payments which give rise to significant problems, even though they affect fewer people
  • The interaction between submitting P11D forms and their impact on PAYE tax codes – in our experience this can easily cause employees to accrue significant tax underpayments

Watch this space for more details – we hope to hear more by the end of 2013…..

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