Employment Taxes

We will help you attract, retain and motivate employees, whilst controlling employment taxes

The dedicated tax team at Wright Vigar can provide advice and assistance with all matters relating to employment taxes.

The essentials

In addition to operating PAYE on an employee’s salary, an employer providing benefits or reimbursing expenses to an employee needs to make an annual return on forms P11D or P9D to HM Revenue & Customs (HMRC). These forms are a minefield and we can prepare them on your behalf to give you the comfort that all the complex tax legislation in this area is complied with. We can also assist by arranging Dispensations for business expenses and advising where PAYE Settlement Agreements are appropriate.

Reassurance

PAYE and NIC rules are complex and it is very easy to unwittingly fail to comply. Our tax specialists offer a range of services in this area to provide reassurance that your tax affairs stand HMRC scrutiny; or to highlight weaknesses with suggestions for rectification of the problems. These include:

• PAYE healthcheck – this is a ‘mock’ HMRC PAYE compliance review to identify any problems in advance of the Taxman paying you a visit.

• Employment status review – incorrectly treating a worker as a self-employed contractor instead of an employee is often the most expensive mistake you can make. This can be a very ‘grey’ area and the nature of the relationship and the documentation between you and the worker needs to be examined in detail.

• IR35 review – an individual working alone through their personal company may be at risk of the IR35 tax legislation with disastrous tax consequences. It is vital to ensure the relationship is akin to one of self-employment and for the contract to reflect the reality of the situation. 

Maximising the return on your employees

We can help you maximise the return on your most valuable assets, by designing a remuneration strategy to attract, retain and motivate the right people.
 
We offer specialist advice on all employment tax issues, including:
• Tax efficient remuneration strategies;
• Planning for retirement;
• Termination and redundancy payments;
• Inducement payments for new employees;
• Company car and van strategies;
• Benefits planning (incl. Salary Sacrifice);
• Employee Share Schemes.