As an employer, you will have filed your year-end payroll returns for the tax year to 5 April 2018. Now, as we move into the new tax year, there are a number of other deadlines approaching, filing obligations and key tax changes that you should be aware of.
To make things simple, we have highlighted those you need to know about below.
Annual return of expenses and benefits – reporting of benefits on form P11D – 6 July 2018
Employment related securities (form 42) – online reporting of shares, securities and share options provided or issued to employees – 6 July 2018
EMI annual return – annual reporting of Enterprise Management Incentive (EMI) share option schemes – 6 July 2018
Voluntary payrolling of benefits – reduce year end P11D reporting by processing benefits in kind through payroll.
Optional remuneration arrangements – tax rules in respect of salary sacrifice arrangements.
Termination payment changes – non-contractual payments in lieu of notice (PILONs) from April 18 to be treated the same as contractual PILONs.
Employment allowance – a reminder to apply for repayment on any unclaimed employment allowance.
National Minimum Wage/National Living Wage – rate increases for 2018 and the importance of ensuring employees receive the right amount of pay.