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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Apply for a PSA?
Post Info TOPIC: Apply for a PSA?
KAZ


Veteran Member

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Posts: 70
Date:
Apply for a PSA?
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One of my clients gave a christmas gift to his employee to the value of £395.  

I need to either declare this on a P11D which seems unfair to the employee or apply for a PAYE Settlement Agreement which seems overkill for one item.

Any ideas?



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Cheshire


Master Book-keeper

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Posts: 8646
Date:
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Hi Karen
Seems unfair in the face of it - but, just playing devils advocate for a moment- what if it had been an extra payment to the employees Bank payment - that wouldve had to have tax and NI taken off, so what is the difference?

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
KAZ


Veteran Member

Status: Offline
Posts: 70
Date:
Permalink Closed

I agree, it just seems harsh.  Was pretty sure there wasn't a way around it :(



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Cheshire


Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Talking of unfair, when I worked in Corporate banking I had a diamond merchant client, who gave me a watch with diamond rounds the face as a thank you for helping him Christmas pressie......but I had to decline the gift!!!

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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