Employment Tax for Business specialises in employee, worker and employment taxation consulting matters, including associated remuneration and risk issues that are of concern to employers. Although many PAYE and P11D costs seem black and white, in practice we recognise that there are 1001 ‘grey’ areas.
Whereas HM Revenue & Customs’ objective is simply to protect and maximise the yield to the Exchequer, we aim to ensure businesses have effective and efficient processes in place to meet their compliance obligations. It is also our prerogative to minimise any such costs to our clients, within the legitimate confines of the law.
Some examples of the type of work we undertake are as follows:
- Dealing with HMRC Employer Compliance Reviews or ‘Know Your Customer’ reviews (aka PAYE Audits), resolution of disputes, and other advice or assistance on negotiations with HMRC, including proactive planning to minimise such risks
- Advice on the complex issues surrounding redundancy and other employment termination planning, in particular the tax/NIC implications of Payments In Lieu Of Notice (PILONs)
- Managing the engagement of individuals and addressing the status issues and concerns of employment v self-employment. This may include consideration of ‘IR35’ and matters directly relevant to employment businesses or agencies, as well as public sector bodies (or suppliers to the public sector).
- Company car and/or employee-owned car issues or planning, including the implementation of ‘employee car ownership’ schemes
- Advice in relation to the HMRC Construction Industry Scheme
- Development of staff and/or HR policies, e.g. to cover travel & subsistence, relocation, and all relevant expenses and benefits etc.
- Support and advice on P11D requirements, availability of statutory exemptions and PAYE Settlement Agreements (PSA)
- Flexible benefits planning and implementation, i.e. where staff have a certain degree of choice to ‘buy’ or ‘sell’ (also referred to as “Optional Remuneration Arrangements” by HMRC) certain benefits as part of their remuneration package, where cost-effective implementation can deliver genuine employer savings but where risks can also arise
- Payroll assistance including help in relation to HMRC reviews of National Living Wage or National Minimum Wage. This includes proactive support to reduce potential risk areas and any corresponding underpayments, which is turn can minimise the impact of HMRC’s current practice of ‘naming’ most employers who fail to observe the rules.
- A bespoke training service as required, e.g. delivery of face to face in-house tax training or assistance with development of your e-learning program
- Ad hoc advice on specialist issues, e.g. tax/NIC treatment of incentives or share schemes, payments after cessation of employment etc.