P11Ds, Benefits & Expenses

If you want to avoid making costly mistakes, this practical one day course will
show you how to correctly identify benefits and expenses that must be reported
on the P11D and P9D. Once the items have been correctly identified, we will
show you how to correctly complete the forms.

The course will include the changes to living accommodation from April 2009 as nnounced in the spring Budget. The future chanes to the taxation of company cars and the changes to Form P46 (car) effective from April 2009.

Entering the information in the correct fields is essential as some fields attract
Class 1A. Overpaying Class 1A can be expensive but not as expensive as omitting
to pay it! Fines and penalties for incorrect completion of the P11D and P9D
can be punitive and may result in an HMRC Compliance visit.

This course shows you how to calculate the cash equivalent and how to save
time by obtaining dispensations. We also explain what a PSA is, how it is
calculated and how it can benefit your company.


Course Programme:

• What’s changed?
• What is a PAYE Settlement Agreement?
• Deadlines and penalties
• Submission formats – paper forms, listing or online?
• Avoiding common errors particularly when declaring company cars and beneficial loans
• Calculation the cash equivalent for benefits in kind including
   -company cars
   -company vans
   -employer provided fuel for cars and vans
   -beneficial loans
   -living accommodation
• Childcare vouchers – what must be reported?
• Expenses
• Professional membership fees
• Business Entertaining
• Personal incidental expenses (PIES)
• How to save time with dispensations
• How to differentiate between business and private travel
• Class 1A and Class 1B NICs

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