Employee Benefits

Feature overview Non-payrolled (P11D) gym memberships: ✅ See an overview of employer & employee contributions towards gym memberships in a YTD & month...

Form P11D A form P11D is issued to any employee or leaver who has received company benefits or expenses. It’s a summary of all benefits they have rece...

Benefits provided to employees are typically liable to tax and national insurance (NI). If you’re registered to payroll the specific benefit type, emp...

The Class 1A rate on company benefits and expenses when reported on a P11D(b), returns to a rate of 13.8%. (Previously a hybrid rate of 14.53% in the ...

Many companies now provide benefits to employees, as a way of enhancing a remuneration package, i.e., in addition to the employee's salary. Where an e...

To set up an electric vehicle in PayFit, there are two steps, one is to set up the company car as a benefit, the other is to set up the salary sacrifi...

Feature overview Non-payrolled (P11D) PMI schemes: ✅ See an overview of employer & employee contributions towards PMI in a YTD & monthly view. ✅ In Ma...

To input your benefits, you'll have to go through 2 steps, first, letting PayFit know that you want to input benefits in the software to deal with the...

At PayFit, as every year passes, we add more functionality to make the P11D and benefit reporting processes easier. This year we've added the followin...

Introduction Unlike P60s, employees who have left your employment during the 2022/2023 tax year still require a form P11D, and the same form needs to ...

If you provide any benefits that need to be reported in the below sections of a P11D then please read this guide: B - Payments made on behalf of emplo...

Where a company asset is given to an employee, or sold at a discount, this must be taxed as a benefit in kind. This can be taxed via the payroll, if y...

Additional payments Contractual payments A contractual payment is a compensation given to an employee in addition to their normal wage in line with th...

Introduction Payrolling benefits is an option the HMRC has given to employers to remove the need for a P11D at tax year-end. The basic principle is th...

Introduction This article will walk you through the Tax and National Insurance implications you will need to consider if your employees can receive ti...