Employment Benefits

Many employees receive non-cash benefits as part of their overall remuneration package. These include things like company cars, private medical insurance, living accommodation and interest free loans.

It is also common for Employers to reimburse certain employee expenses such as travel and entertainment or training expenses.

These all come with their own tax implications and compliance obligations and HM Revenue and Customs will impose hefty penalties for failure to comply.

Employment Benefits & Expenses Service:

  • MW Tax can help with calculating the cash equivalent of any Benefits in Kind such as company cars and fuel benefits including
  • Advising on the tax and National Insurance contributions (NIC) implications
  • Preparing and submitting forms P11D and P11D (B) to HM Revenue and Customs.
  • Expense claim forms
  • Pay As You Earn Settlement Agreements

To find out more please get in touch for your free consultation.