·31 May 2012 - provision of a form P60 for 2011/2012 to each employee in your employment at 5 April 2012
·6 July 2012 - submission to HMRC of forms P11D or P9D declaring taxable expenses and benefits paid to employees and directors in 2011/2012
·19 July 2012 - payment of any Class 1A national insurance in respect of the expenses and benefits.
Missing the 6 July deadline can be costly as there is a penalty of £100 per month which applies until the forms have been dealt with. It is possible to cut down the paperwork relating to expenses and benefits by applying to HMRC for a dispensation and I can help you with this, as well as with meeting the above deadlines.
For a free exploratory discussion please contact tax manager Karen Goodwin on 01242 234421 or karen.goodwin@crowecw.co.uk
