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Starting a business
We offer help and advice and are always on hand in the critical early stages when... more >

Running a business
Apart from the figures that need preparing and interpreting there are all the other responsibilities to be discharged; legal duties... more >

Inheritance tax
There is a concern in many families as family-homes are increasing in value... more >

Personal taxes including Capital Gains Tax
Direct taxation on individuals includes capital gains tax and national insurance and the latter can increase... more >

Business taxes
Business is taxed either as individuals (sole traders and partnerships) or as companies by Corporation Tax... more >

Useful resources
We have gathered together an immense amount of information to help business people, their staff, customers and families in their everyday... more >

Dealing with a PAYE inspection First of all an inspection doesn’t imply there is anything wrong – it may just be a random one. Either way your records and compliance must be impeccable. If you qualify, apply for P11D dispensation of the need to keep records for P11D purposes of expenses paid on receipt of vouchers. Benefits • P11D records should be VAT inclusive Cars and business mileage • A favourite to inspect. • Keep full records for all vehicles include evidence of business mileage • Fuel scale benefits records should be kept All categories • Sloppy records of any expense, however genuine, or benefit could lead to NIC problems Keep all records for six years and remember that penalties, many of the them automatic, could well result if inadequacies are found.

Dealing with a PAYE inspection

First of all an inspection doesn’t imply there is anything wrong – it may just be a random one. Either way your records and compliance must be impeccable.

If you qualify, apply for P11D dispensation of the need to keep records for P11D purposes of expenses paid on receipt of vouchers.

Benefits

• P11D records should be VAT inclusive

Cars and business mileage

• A favourite to inspect.
• Keep full records for all vehicles include evidence of business mileage
• Fuel scale benefits records should be kept

All categories

• Sloppy records of any expense, however genuine, or benefit could lead to NIC problems

Keep all records for six years and remember that penalties, many of the them automatic, could well result if inadequacies are found.

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Dealing with a PAYE inspection

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