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Duration: | Two consecutive half days online |
| Delivery: | Virtual classroom | |
| CPD: | 7 points | |
In today's competitive business environment, effectively managing expenses and benefits is crucial for both compliance and employee satisfaction. This course will guide you through various methods of providing employee benefits, plus examining the tax and reporting requirements for a wide range of expenses and benefits that employers may offer.
Why you should attend
Benefits in kind are increasingly awarded by employers to staff as part of a comprehensive total reward package. Ensuring these items are reported correctly to HMRC can be complex, with a myriad of rules to follow.
This course will help you to navigate the complex tax and NICs rules for a range of expenses and benefits in kind commonly provided to employees. The course also explores the rules around travel and subsistence, ensuring that you can create and maintain compliant expenses and benefits policies. By attending, you will learn how to reduce costs, motivate employees, and minimise administrative burdens when dealing with expenses and benefits.
What you will learn
By the end of this course you should be able to:
- Appreciate the effect the UK’s benefits code has on a range of expenses and benefits
- Evaluate various arrangements for delivering expenses and benefits efficiently
- Evaluate an organisation’s expenses and benefits policy
Course content
- Cost implications of expenses and benefits
- Expenses, including travel and subsistence
- Types of benefits
- Trivial exemption
- Work-related
- Welfare-related
- Travel-related
- Effective provision of expenses and benefits
- Salary sacrifice and OpRA
- PAYE Settlement Agreements and grossing up
- Advantages of an effective and efficient policy
Prior learning required
This course is not designed for those new to payroll. You need to have a working/operational knowledge of tax in either a payroll, finance or HR capacity. This should be ideally (though not essentially) at supervisor level or above.
Continuing your learning
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Processing Chargeable Benefits
