FormerMember

Paying employees in non-cash

SUGGESTED
Posted By FormerMember

We have been advised that we need to make a payment to HMRC through PAYE for some non cash benefit to an employee for shares they purchased.

It is for shares classified as RCA and the government website suggests it should be possible to add the value of the shares to our payroll software so the additional PAYE and NI are paid.

However, when I phoned and spoke to Sage Support they said this was not possible?

I can see if i click on the employee in YTD values there is a field for "Notional Payments" and wondered if that was where it should go?

https://www.gov.uk/guidance/non-cash-pay-shares-commodities-you-provide-to-your-employees