Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Fri, 05 Jul 2024 08:58:20 GMT by SMH Gardezi
Hello. We need to provide a loan to an employee less than £10,000. We are thinking to make this payment through payroll (not a bank transfer) so that the transaction is captured on a payslip. Are there any restriction please on this process. I am thinking from a FPS point of view as it will show HMRC a large payment being paid to an employee through a monthly payslip which is not used for tax and NIC deductions, please advise?
Posted Thu, 11 Jul 2024 10:29:45 GMT by HMRC Admin 8 Response
Hi,
It is your decision on whether or not to put on the payslip but it should not be shown or reported on an FPS.
Thankyou.

You must be signed in to post in this forum.