Course outline:
Whilst employers increasingly move towards payrolling benefits to reduce the form filling burden of the annual P11d, it still remains an important annual compliance task.
This timely session reviews a range of practical tax and related National Insurance matters connected with the completion of the annual forms P11D and the related P11D(b).
It is suitable for the following staff and practitioners:
- Those who deal with these issues on an annual basis and would like a refresher before completing 2023/24 P11Ds particularly if they feel they rely on computer software to get things right.
- Those who perhaps have a basic understanding of employment benefit and expense related taxation matters but have not recently been involved and need an up to date concise and practical refresher.
It will also be of some relevance for staff involved with or advising with payrolled benefits.
The session is not generally aimed at those new to benefits as it is not a comprehensive guide to how benefits are calculated.
CPD Hours: 3
Course details:
Specifically, the following practical issues will be considered:
- New developments for 2023/24
- P11D and P11d (b) omissions and errors - the impact and correction procedure
- Payroll or P11D - getting National Insurance aspects right
- Expense reporting - understanding the statutory exemption
- Common pitfalls and problem areas when calculating and reporting key benefits
- Looking ahead to 2024/25
Mercia Membership Packages
Sign your firm up to a Mercia Membership to receive exclusive discounts on a wide range of products.
2025 Training Programme
Explore our full list of events in our 2025 Training Programme.