Reporting the numerous sets of employee data that HMRC require after the end of the tax year is a major task for all employers to manage. There will be no COVID related ‘light touch’ from HMRC for 2021/22 returns - if you miss the deadlines you can expect to trigger penalties.
Although real-time reporting of PAYE has removed some of the year-end reporting burden, making sure you have accurate data ready in time to meet all the reporting deadlines is always a challenge - but BDO can help.
We recognise that businesses and organisations remain focused on managing the current challenges of the market. However, it is critical to look forward and understand how other key events will affect situations in the coming months that will support growth and resilience. By understanding how each of these may affect business, appropriate strategies will need to be in place to navigate through any threats and opportunities. Use our interactive business timeline to look ahead at what’s coming next.
Potential tax pitfalls with your Global Mobility policies & year end reporting ahead of July 6th P11D & share reporting deadlines
Our Expat tax team recently held a virtual clinic with The Expat Academy. This webinar focused on a combination of company tax reporting obligations and relevant mobility policies.
With the July 6th deadline looming for the online submission of P11Ds (benefits in kind) and employment related securities (share options, restricted share awards, restricted share units, etc) to HMRC, we considered some practical issues and common pitfalls in relation to internationally mobile employees.
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Employers’ Year End 2022
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