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The Taxman's Visit Raymond McMahon

The Taxman's Visit By Raymond McMahon

The Taxman's Visit by Raymond McMahon

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The Taxman's Visit Summary

The Taxman's Visit: Dealing with a PAYE Review by Raymond McMahon

The Taxman Visit is a comprehensive guide to dealing with a PAYE/ Employer Compliance Visit from start to finish. Every employer will be visited on average every five or six years. H M Revenue & Customs (HMRC) have specialist teams and Tax Inspectors to review employer records and to establish if the correct tax and National Insurance is being calculated and paid over to the tax office.The author as an ex Inspector and Compliance officer has dealt with over 1,000 of these reviews both working for HMRC and for the accountancy profession defending his clients(a case of gamekeeper turned poacher).

The book takes a step by step approach detailing over 100 questions which are likely to be asked, explains what the issue may be and provide a solution. HMRC instructions to the tax office staff are also included.

This book is for accountants, tax advisers, employment lawyers and employers and explains question by question, how to deal with the review. The book is split into sections highlighting different areas like payroll, expenses, benefits and the Construction Industry Scheme, so that the correct information can be found easily. Every employer is likely to receive their next PAYE review in the next five years, so forewarned is forearmed.

About Raymond McMahon

Raymond McMahon is a self-employed tax adviser with over 27 years tax experience. Raymond worked for HMRC for 17 years as both a compliance officer dealing with over 1,000 PAYE reviews and as a Tax Inspector investigating Self Assessment and Partnership accounts. He then left and worked for two of the largest UK accountancy firms assisting clients with their employment tax obligations before setting up his own tax consultancy business. A case of gamekeeper turned poacher.

Table of Contents

  • Tables of authorities. xi
  • Abbreviations. xiii
  • My Background.. xv
  • Introduction. xviiChapter 1 - Background.

    Employer Compliance Reviews (ECR) 1

  • Aspect review... 4
  • Employer Compliance Questionnaire. 4Chapter 2 General Questions.

    How long has the business been trading?. 7

  • Has the company been bought, sold or involved in a buy-out?. 7
  • When was the last HMRC visit?. 8Chapter 3 Payroll

    Can you provide a parameter report for any payrolls operated?. 13

  • Do you use a computer bureau to process your payroll?. 14
  • How many staff work at the company and how often are they paid?. 15
  • Are there any employees paid below the National Minimum Wage (NMW)?. 15
  • How many directors are there?. 16
  • Are there any non-executive directors and how are they paid?. 17
  • Do you hold authorisation for all employees to work in the UK?. 18
  • Do you employ any part-time employees?. 21
  • Do you employee any casual employees?. 22
  • Do you employ any students?. 24
  • Do you hold a National Insurance number (NINO) for all employees?. 26
  • Do you hold the full name and address for all employees?. 27
  • Do you have a code number for all employees (including part-time employees)?. 28
  • Do you use code NT for any employees?. 30
  • Have any employees signed a form P46?. 30
  • Do you hold authorisation for all NIC table letters used?. 32
  • Are any NIC calculations made using table letter B (married women's reduced rate)? 34
  • Are any NIC calculations made using table letter C (employees over pensionable age)? 35
  • Are any NIC calculations made using Contracted Out NIC rates?. 36
  • Are any employees on NIC Table letter X?. 37
  • Have there been any changes in NIC circumstances for any employees?. 37
  • Do you deduct PAYE/NIC from bonuses when they are made available?. 39
  • Are your monthly PAYE/NIC/CIS payments up to date?. 39
  • Have you received any PAYE surcharge notices for late payment of PAYE/NIC?. 41
  • Have all your annual PAYE returns been submitted on time?. 44Chapter 4 Workers.

    Do you pay any workers gross (not already discussed under Payroll)?. 45

  • How many workers/consultants are paid annually and how much do they receive? 47
  • Can you provide copies of all contracts for self-employed workers/consultants?. 50
  • Can you provide details of all Personal Service Companies used?. 50
  • Do you use any Managed Service Companies (MSC)?. 52Chapter 5 Inpatriates and Expatriates.

    Do you employ any inpatriate employees and how long are they working in the UK? 55

  • Do you pay any payments to non-resident employees?. 56
  • Do you deduct NIC from any overseas employees coming to work in the UK?. 58
  • Do have any expatriate employees?. 61Chapter 6 Pensions.

    What pension schemes does the business have and what are the employer contributions? 67

  • Are employee personal contributions (to occupational schemes) deducted from gross or net pay? 67
  • Do you allow any staff to salary sacrifice pension contributions?. 68Chapter 7 Termination Payments.

    Have you paid any Statutory Redundancy Payments (SRP) to any staff?. 73

  • Do you pay any enhanced redundancy pay (ERP)?. 74
  • How many employees received redundancy payments?. 76
  • How much has been paid gross as part of any redundancy package?. 78
  • Did any employees receive additional benefits on leaving?. 78
  • Can you provide copies of employment contracts for all staff that have left and received a termination package? 81Chapter 8 Expenses.

    Do you have an expense policy?. 85

  • Do you have a staff handbook?. 86
  • Do you have an expense claim form or a copy of the electronic spreadsheet used? 86
  • Do you allow any member of staff to claim non-business/private expenses?. 87
  • Do any staff self-authorise their own expense claims?. 89
  • Do you have a P11D dispensation?. 89
  • Do you have a PAYE Settlement Agreement (PSA)?. 92
  • Do you pay car allowances to staff?. 96
  • Do you pay any home to work travel for staff via mileage records?. 97
  • Do any home-based workers attend business premises on a regular basis?. 99
  • Do any staff have a geographical area that they cover?. 101
  • Are any workers home-based or site based?. 102
  • Which staff have a temporary place of work?. 104Chapter 9 Benefits.

    Do you have a Taxed Award Scheme (TAS)?. 107

  • Do you provide any accommodation to staff?. 110
  • Do you pay Authorised Mileage Allowance Payments (AMAP) to staff?. 116
  • Do you gift or sell any assets to any staff?. 118
  • Do you provide assets which are used by staff for private purposes?. 120
  • Do you provide business gifts?. 122
  • Do you provide incentives to employees?. 123
  • Do you pay bank charges for employees?. 124
  • How many company cars do you provide?. 125
  • Are any cars or vans treated as pool vehicles?. 128
  • Can you provide the insurance documents for all pool vehicles?. 132
  • How did you calculate the original list price of the company vehicle?. 132
  • Do any company vehicles have personalised number plates?. 133
  • Do you have any company vans and is there any private use?. 135
  • Do you provide medical insurance to your employees?. 138
  • Do you provide a staff canteen or meals for staff?. 139
  • Do you entertain any business contacts?. 144
  • Do you ever entertain business contacts on your own premises?. 146
  • Do you provide tea/ coffee/ drinks to you staff?. 147
  • Do you entertain your own staff?. 149
  • Do you provide a Christmas party or annual events for staff?. 150
  • Do you pay any Christmas bonuses?. 153
  • Do you provide Christmas boxes or other gifts at Christmas?. 154
  • Do you provide any vouchers to staff that can be exchanged for cash?. 155
  • Do you provide any non-cash vouchers to staff?. 156
  • Do you provide loans to staff?. 157
  • Do you write off any loans for any staff or directors?. 160
  • Do you pay any broadband/ internet costs for staff?. 162
  • Do you pay any home telephone bills for staff?. 163
  • Do you pay any mobile telephone bills?. 165
  • Do you provide any Personal Digital Assistants (PDA)?. 168
  • Do you pay for or provide money for childcare costs?. 170
  • Do you pay for any awards for staff passing exams?. 172
  • Do you pay any Long Service Awards to staff?. 173
  • Do you provide gifts to staff on special occasions?. 175
  • Do you provide any clothing or uniforms to staff?. 176
  • Do you pay for any golf or club membership/subscriptions?. 180
  • Do you provide gym facilities or pay for gym membership?. 182
  • Do you pay any debit/ credit cards charges?. 184
  • Do you pay any inducements (or golden hellos) for staff to join?. 187
  • Do you pay any honoraria payments to any staff?. 187
  • Do you pay for late night taxis or other transport?. 189
  • Do you pay any relocation costs?. 192
  • Do you pay any school fees for any staff?. 196
  • Do you pay any professional subscriptions or professional fees?. 198
  • Do you pay any travel season tickets for staff?. 199
  • Do you make any payments relating to suggestion schemes?. 202
  • Do you make any payments towards training for staff?. 204Chapter 10 Share Schemes.

    Can you provide details and the rules of all share schemes operated by the company? 207

  • Can you provide a list of all shareholders in the business?. 209
  • Have you any reporting requirements that require you to submit a Form 42?. 210Chapter 11 Construction Industry Scheme.

    Has your business spent over GBP1 million on construction work in the last three years? 213

  • Do you operate the Construction Industry Scheme (CIS)?. 215
  • Do you check to ensure that all your construction workers are allowed to work in the UK? 217
  • Is the status of self-employed workers checked?. 217
  • Have you verified all the subcontractorswho have been paid this month?. 219
  • Are your monthly CIS returnsmade on time?. 222
  • Have you issued a monthly CIS summary for each subcontractor where you have made a deduction? 224Chapter 12 Other Schemes.

    Do you use any Tax Avoidance Schemes?. 227

    Chapter 13 Settlement

    Forms. 235

  • Booklets. 236
  • Income Tax allowances. 239
  • Income Tax allowances table. 239
  • Income Tax rates and taxable bands. 240
  • Rates and allowances - National Insurance contributions. 240
  • Interest rate on late payments. 242
  • Index. 243

    Additional information

    GOR013081527
    9781907444104
    1907444106
    The Taxman's Visit: Dealing with a PAYE Review by Raymond McMahon
    Raymond McMahon
    Used - Very Good
    Paperback
    Spiramus Press
    20100723
    272
    N/A
    Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
    This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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