HM Revenue and Customs (HMRC) have issued a new guide and online form completion for applying for employer expenses and benefits exemption.
Use this employers exemption form if you are an employer and want to apply for a bespoke or industry scale rate for reporting non-taxable expenses and benefits. It does then require printing and posting.
You do not need to apply to pay HMRC benchmark scale rates.
Employers cannot start to use a bespoke or industry rate until they have received a copy of an approval notice.
An approval notice when issued is valid for up to 5 years if granted.
An employer must check that their employees have:
- incurred relevant expenses
- retained evidence
Keep any paperwork relating to the claim until we HMRC completed these checks.
If applying for a bespoke rate, make sure the receipts do match the sampling exercise.
The form can be found and progressed via the following button:
PAYadvice.UK 8/11/2024