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Employment tax end of year reporting

Employment tax end of year reporting

Using technology to help improve compliance and reduce the administration burden of end of year reporting.

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Caroline Laffey

Partner, Tax and People Services

KPMG in the UK

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Changes to legislation and HMRC guidance increase the complexity of year end reporting

The removal of dispensations and introduction of optional remuneration arrangements have increased the complexity of expense and benefit reporting for employers. As we move towards online filing of statutory returns, employers are increasingly looking for technology solutions that automate as much of the process as possible.

A summary of key compliance dates for the 2019/20 tax year and an overview of recent employment tax changes to expenses and benefits reporting can be found in our Employment Tax Key Dates.

So, what does this mean for you? It is important that your end of year procedures are robust enough to identify benefits and expenses and report these on the correct return, so that tax and NIC is paid at the correct rate and on time to HMRC.

To facilitate and support your payroll and HR processes KPMG have developed technology to help improve compliance and reduce the administration burden of end of year reporting. 

Automate your P11D reporting

KPMG’s P11D Solutions software automates the reporting of employee benefits in kind data into forms P11D for online submission to HMRC. Forms P11D can be distributed to employees by email or we can facilitate online access through our Employee Portal. Key features include:

  • User-friendly software that allows you to quickly and efficiently prepare your Forms P11D and P11D(b) 
  • Submit your Forms P11D and Form P11D(b) online to HMRC
  • Annual updates to include latest legislative changes
  • Access to our online training resources including access to our P11D Solutions support email and telephone helpline 

Alternatively, you can outsource your P11D preparation to our team who can tailor support according to your needs. 

Use KPMG’s data analytics engine to review expenses for your PSA

KPMG’s data analytics engine categorises large volumes of employee expense data using pre-defined rules for quick and efficient reporting to HMRC. This provides a clear audit trail for PAYE Settlement Agreement (PSA) reporting, HMRC enquiries, and SAO reporting.

We offer a range of PSA preparation and filing services that can be tailored to meet your needs:

  • Identify expenses and benefits that should be included in the PSA and agree contracts with HMRC
  • Review entries in the purchase ledgers using our powerful data analytics tool, PSA expense analyser, to identify expenses that should be included in the PSA
  • Prepare the calculations for submission to HMRC

How can KPMG support your expenses and benefits end of year reporting?

For more information about how we can help with your end of year compliance, please refer to the attached material. If you wish to discuss further then please contact Caroline Laffey, Partner of Tax and People Services, or your usual Employment Solutions specialist. 

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