Expenses and benefits for employers

Tessa Brown

As we begin a new tax year I thought it would be helpful to remind you of the considerable number of changes to the legislation surrounding forms P11D – the reporting mechanism for expenses and benefits – that came into force on the 6 April 2016.

Minimum earnings requirement

The £8,500 minimum earnings requirement has been removed which will mean form P11D must be completed for all individuals to whom you have provided a taxable benefit (with a few exceptions for special cases).

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Tax changes for landlords

Peter Glading

Following on from the Spring Budget I thought it might be useful to look, in a bit more detail, at a number of announcements changing the way in which landlords are taxed on their property income. In particular, the letting of residential property (“buy-to-lets”) will be adversely affected.

I have summarised below the key changes we will start to see over the next few years.

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