Is it time for that Expenses and Benefits review ?

If you would like a free initial consultation please do call Dave Hedges on 01454 777857 or drop an email to dhedges@edge-tax.com.

HM Revenue & Customs are increasingly focusing on the extent to which employers are compliant in their PAYE related affairs. From an employer perspective it is essential that it has in place systems and expenses & benefits systems which are compliant, robust and efficient. Failure to implement and run such policies will expose the business to potential challenge from HMRC in a number of key areas. Our current experience is that HMRC are tending to focus on:

• Travel and subsistence payments
• The provision of fuel to employees
• The tax “status” of self-employed consultants
• Directors
• Termination and (other) “leaving” payments
• Dispensation and PAYE Settlement Agreements
• Timely and accurate submission of PAYE payments and end of year returns.

HMRC reviews can of course prove expensive in terms of financial cost but also with regard to the time required to effective manage such a review.

We believe that all businesses should review their current arrangements as a priority to ensure that policies are efficiently structured from an employee and employer perspective. This will reduce your risk as a business and help to ensure maximum tax efficiency for your employees.

We are specialists in this area and I am able to offer you an initial consultation without charge to discuss any immediate concerns you may have. From that we would then be able to scope what a PAYE risk review would look like for your business.