Employment tax is a key target review area for HMRC on the basis that employment tax/PAYE failures can lead to significant claims being sought by HMRC and, further, it can be a gateway into a broader cross taxes investigation.
Our focus is to help employers ensure that their employment tax policies are robust whilst ensuring they are correctly drafted and implemented to meet the commercial needs of the business and its employees.
Our approach is to review the current procedures a business has in place. Typically this will involve discussions with key members in the business and a review of documentation, including:
- Expenses and benefits policies.
- Employer reporting returns; P11D and PAYE Settlement Agreements.
- Expense claims.
- Staff handbooks.
Our aim is to ensure the business has robust policies which are fit for purpose and meet the needs of the business and its employees. Having such policies in place will reduce the risk of non-compliance and claims for arrears of income tax and national insurance should an HMRC audit take place.
If you would like to discuss further how we can help with any of the above, please contact a member of our team.