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Benefits Management
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By law, at the end of each tax year you must give HMRC particulars of any expenses
payments, benefits and facilities provided to each employee or director earning
at a rate of £8,500 a year or more (P11D), and each director earning at a rate of less
than £8,500 a year (P9D), unless they are a full-time working director with no material
interest in the company, or a director of a charity or non-profit making concern.
The process of calculating P11D, P11D(b), P9D, or P46 (Car) benefits values and returning them to HMRC can be lengthy
and complicated depending on the number and type of benefits processed, Company
Car benefit for example, is relatively complicated benefit which can take much of
your resources to produce for your employees.
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Whether you are producing P11D, P9D, or P46 (Car)
forms, GTax can help you to solve benefits production complexities by breaking them
down into friendly procedures designed to allow you to enter basic and straight
forward information while performing validation and other complicated processes
behind the scenes.
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