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Posted Wed, 06 Jul 2022 11:02:58 GMT by EJEELS
I have reported a benefit in kind for Sage Employee Benefits and am questioning if this is actually a taxable benefit, can anyone advice. It was for 'The Sage Employee Benefit scheme' provided for each eamployee, it is subscription based , we pay per employee for them to get discounts on various retail purchases and outlets I declared the amount of the annual subscription as the benefit on the p11d. If this is incorrect how do I correct my submission?
Posted Mon, 11 Jul 2022 10:51:07 GMT by HMRC Admin 17

Hi,
 
The benefit is reportable for all employees who opt in to the subscription, even if they don't always access the discounts.

The cost to the employer would be the benefit amount reported at section M (other items) on the P11D.

There is also employer Class 1A due on the benefit if the employer has arranged and paid for the benefit.

Thank you.

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