HMRC clearances & reporting obligations

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There are a number of clearances that may be sought to ease your ongoing annual reporting obligations.

A P11D dispensation will reduce your annual P11D reporting requirement by removing your obligation to report certain business expenses. If you have an existing dispensation this should be reviewed annually and updated as appropriate.

You may be providing benefits or incurring expenses on behalf of employees when an income tax and/or NIC liability arises which you would prefer to pick up on their behalf by means of a PAYE Settlement Agreement (PSA). A PSA must be applied for annually.

You may also have historically used a Taxed Award Scheme (TAS) to cover the provision of a benefit to employees of other employers. if so this should be regularly reviewed.

A number of reporting deadlines must be met in order to avoid penalties being sought by HMRC. These relate to key areas including:

End of year reporting for payroll, and expenses and benefits provision.
Share Schemes.
Termination payments made to departing employees.

This page was last updated on Wednesday, June 04, 2008.

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Our aim is to provide employers of all sizes with a first class service which fully meets their current and future tax needs.

This will comprise forward thinking advice to assist employers who, in seeking to provide employee remuneration packages, meet the various and detailed HMRC rules covering the operation of PAYE and the correct in-year and end of year reporting obligations.