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Payroling Expenses and benefits

Vicky Copp
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Posted By

Hi

We currently submit P11D's on the HMRC website yearly. I am aware that these are all going to have to go through the payroll from 202, so thinking ahead, 

I have been looking for some videos for guidance and have been unable to find any - from info i have found am i right in thinking that i would simply create new pay elements and tick the BIK box ?, is it as simple that as or is there something/part of the process i am missing ?, and would i also still need the P11D software to convert that info and submit it to HMRC on a yearly basis ?

Thanks in advance

Vciky

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    Hi Vicky,

    Thanks for using Community Hub.

    You would still require P11D software to calculate the Class 1a for the employer as Payroll will not handle that for you. You need to register before the new year to do a BIK as well.

    Some types of benefits can't be payrolled, for example, accommodation, beneficial loans or credit tokens and vouchers.

    The following article explains what needs to be set up:

    Payrolling benefits, the basics >

    If that helps, please click Verify Answer.

    Regards,

    Andy
    Sage UKI

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  • 0
    SUGGESTED

    Hi Vicky,

    Thanks for using Community Hub.

    You would still require P11D software to calculate the Class 1a for the employer as Payroll will not handle that for you. You need to register before the new year to do a BIK as well.

    Some types of benefits can't be payrolled, for example, accommodation, beneficial loans or credit tokens and vouchers.

    The following article explains what needs to be set up:

    Payrolling benefits, the basics >

    If that helps, please click Verify Answer.

    Regards,

    Andy
    Sage UKI

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*Community Hub is the new name for Sage City