Employers face a complex range of tax regulations, not only for PAYE staff but also for those who are off-payroll, such as temporary and contract workers.

Our tax team comprises specialists who can help you with employment tax compliance. We can also advise on tax-efficient remuneration and incentive schemes such as employee share schemes.

PAYE, P11D and taxable benefits

Taxable benefits, expense claims, employee status and termination payments – all have their own tax implications. And all bring the risk of an HMRC enquiry if handled incorrectly.

Employment taxation is often the starting point for an HMRC enquiry, and from there they can easily extend the scope of their enquiry into other areas of the business. It is therefore very important that employers manage their affairs properly so that they minimise the risk of falling foul of HMRC’s inspectors.

Our employment tax specialists, focus on the areas we know HMRC always targets, including:

  • Expenses and benefits policies.

  • P11D and Benefit in Kind, including company car taxation.

  • Expense claims.

  • Staff handbooks and expenses policies.

Employee incentives and share schemes

Share schemes are one of the most effective tools for attracting, retaining and incentivising your key employees. However, with so many different types of scheme to choose from, finding the right one for your needs can be difficult.

The tax treatment of different share schemes varies and, in some cases, can be complex. However making the best choice will depend on other commercial factors such as your objectives and whether you are starting out, expanding or selling your business.

The most common schemes that we advise on are:

  • Enterprise Management Incentives (EMI).

  • Company Share Option Plans (CSOP).

  • Share Incentive Plans (SIP).

  • Save as You Earn (SAYE) schemes.