Dealing with benefits and expenses
April 2018 HMRC have advised it is mandatory to submit monthly returns concerning car benefits with all other benefits in kind to follow. CPS can work with you in changing your payroll CPS can work with you in changing your payroll scheme to benefits in kind payroll, which will ensure full compliance.
Company benefits and expenses can be complicated, however, HMRC still needs to know about the cash equivalents via a P11D form from UK based employers.
Capital Payroll Services can make this a very simple process for you by gathering some basic information from you.
We can ensure your declarations are correct and assist you with the P11D form completion.