12 October 2023
HM Revenue and Customs (HMRC) has now updated the ‘Tell HMRC the value of items in your PAYE Settlement Agreement’ form.
The form PSA1 is used or a calculation is sent to tell HMRC about the value of items included in your PAYE Settlement Agreement (PSA). You can now tell HMRC the value of items in your PAYE Settlement Agreement by using the online form or by posting your calculation to HMRC.
Use the online form or your own informal calculation to report benefits or expenses included in your PAYE Settlement Agreement if you’re an employer or agent. You must include all employees who have received the benefits or expenses, including any employees that earn below the personal tax allowance.
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