We encourage employers not to overlook the UK employment tax reporting obligations that will very shortly start to come into view. With this in mind, a previous Centralis article on end-of-tax-year employer compliance provides a useful summary of related matters.
Short Term Business Visitor (STBV) filings: these need to be made by 31 May 2024 for the 2023/24 UK tax year. While nil filings are not mandated, employers who have entered into STBV arrangements with HMRC will still need to satisfy themselves that adequate tracking has been, and continues to be, conducted.
A 31 May reporting deadline also applies to employers who have entered into an alternative business visitor arrangement with HMRC (for example an annual PAYE scheme, where employees are resident in non-double tax treaty jurisdictions and work in the UK for 60 or fewer days in a tax year).
Employment Related Securities (ERS) filings: 6 July is a very popular (with HMRC) deadline for employers to file certain returns. The ERS online filing is one such obligation. It is one best planned for in advance, as the scope of the required reporting is broad.
Forms P11D, if required, must also be filed with the Employer's P11D(b), by 6 July.
PAYE Settlement Agreements (PSAs): the sweep-up mechanism—where the employer does not want employees to pay tax on certain benefits, or it would be too difficult to apportion—also has a 6 July deadline. This deadline is not to file, but to apply to HMRC. For a PSA to be in force for 2023/24, it must be applied for not later than 6 July this calendar year. The reporting itself must (typically, based on the date offered by HMRC in the agreement with them) be filed by 31 July 2024 for 2023/24.
If you have any queries, reach out to Sutharman Kanagarajah, Head of Tax, at sutharman.kanagarajah@centralisgroup.co.uk, or your usual Centralis contact.