PAYE healthcheck and consultancy
PAYE compliance is exceptionally complicated and the price of getting it wrong can be very high.
At Dataplan we can offer our clients a full PAYE healthcheck. Completed by a former Inspector of Taxes this review will look at all of the major areas that HMRC consider when undertaking compliance visits.
We can advise on:-
- All benefits in Kind and Class 1A NIC implications including
- Expenses payments, what can be paid tax free and what can and should be included within a dispensation thereby reducing paperwork and the need to report expenses on P11D.
- Foreign travel and the best methods, for paperwork and tax, of paying expenses without deduction of tax and NIC and without the need of a Dispensation.
- Termination/Redundancy payments - somewhat of a minefield so it is imperative, at a time when employees are being laid off and money is tight, the correct tax treatment is applied. The common thought that £30000 can be paid tax free is a fallacy.
- Non taxable payments and Benefits in Kind. It is equally important to establish what can be paid tax free as what must be taxed through payroll or as a Benefit in Kind.
If you operate within the Construction Industry it is imperative the status of your self employed workers is correctly assessed. HMRC are very keen to reclassify workers engaged as self employed as employees thereby increasing the yield to the Exchequer. The implications are severe if HMRC come calling if they challenge status because there is the added threat to, and distinct possibility that, your Gross Payment Status will be rescinded
If you are interested in a PAYE healthcheck or have any specific PAYE matters contact us
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