Expenses and Benefits
It's important for anyone who works in payroll or finance to understand the ins and outs of the benefits code.
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Understand the tax rules relating to expenses payments and benefits-in-kind
- Know how to calculate the tax charge
- Recognise certain expenses and benefits which can be received tax-free
- Understand employers’ reporting and compliance obligations.
About this course
The rules for calculating, reporting and paying tax on expenses and benefits are complex and there are severe penalties for failing to adhere to them. So it's important for anyone who works in payroll or finance to understand the ins and outs of the benefits code.
Employers who provide expenses or benefits to employees or directors may need to notify HMRC and pay tax and NICs. The same goes for employees who receive them. This course provides a useful overview of this area of tax, before moving on to look at specific rules for common expenses and benefits, and employers' reporting and payment obligations.
Now includes recent changes to company car taxation, and double cab pickups.
Revised and up to date for 2024/25.
Overview
E-learning |
|
3 - 5 hours |
Syllabus
The expenses and benefits regime
- An overview of expenses and benefits
- Expenses
- Benefits in kind
- Following the regulations
- The benefits code
- Form P11D
- Taxable charges
- PAYE codes
Expenses
- Taxable expenses
- Tax relief rules
- Travel expenses
- The different types of travel
- Approved mileage allowance payments
- Foreign travel expenses
- Non-travel expense exemptions
Benefits
- Taxable benefits
- Benefits in kind
- Company cars and fuel
- Bands and rates
- Employer-provided vans
- Trivial benefits
- Tax-free benefits
- Providing childcare
- Tax-Free Childcare scheme
Employer obligations
- Recording and reporting
- Reporting obligations
- Payrolling
- PAYE Settlement Agreement
- PSA deadlines
- National Insurance Contributions
- Penalties.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.