Deloitte’s national team of employment tax specialists can advise employers on the design, delivery and taxation of employee reward. We provide advice on remuneration planning including cost reduction initiatives and flexible benefits, through to innovative and complex pay and benefit structures. We support clients on transactions including structuring and due-diligence, and with changes arising from internal reorganisations and new tax legislation (e.g. real time information (RTI), pensions auto-enrolment and disguised remuneration). We offer a robust compliance service including supporting the modernisation and review of internal controls and processes through to liaison with HMRC, SAO reporting and assisting with HMRC interventions and negotiations. We also provide outsourced services such as payroll, Form P11D, PSA and Form 42 completion and submission.
UK businesses are currently in an environment of rising employment costs due to increase in income tax and National Insurance rates. Employment tax and related costs can be some of the most material costs to an organisation and businesses are looking at more tax efficient reward structures as well as how they can create efficiencies in existing internal processes.
The increase in costs is coupled with an ever-increasing regulatory environment with increased reporting requirements placed on employers. It is now more important than ever for businesses to effectively manage their tax risk in all areas to reduce exposure to penalties. Large businesses are facing an additional requirement to make an annual declaration under the Senior Accounting officer rules, to state that adequate tax accounting arrangements are in place.
Deloitte can offer employers specialist advice and support in navigating their way through new regulatory changes including Senior Accounting Officer requirements, Real Time Information and Employer’s Duties as well as dealing with routine employment tax compliance issues.
Deloitte provides advice and solutions to employers covering all areas of reward from strategic design to on-going tax compliance. Our support helps clients tailor reward packages to attract, motivate and retain key employees, in a manner which is competitive, tax efficient and tailored to the specific needs of the business.
Global Employment Tax
Deloitte offers a wide range of global employment tax consulting services which can assist businesses achieve high compliance levels, manage employment tax risk and costs and maintain an effective working relationship with local tax authorities.
Deloitte can support clients in their completion and submission of HMRC returns, including for example: payroll, Form P11D, Form 42, CIS returns and PAYE Settlement Agreements (PSAs)
HMRC investigations & interventions
Deloitte can help employers manage an HMRC investigation from start to finish and provide support with technical issues arising. Our team of specialists can also offer support with making disclosures to and reaching settlements with HMRC, review if its analysis is correct and applied consistently, and that any liabilities and penalties are mitigated as far as possible.
Our Employment Tax School (ETS) offers a series of training programmes to help those with employment tax responsibilities keep up to date with latest developments and best practice.
Deloitte works with organisations to review and help design cost effective fleet policies. We work with employers and directly with the fleet management industry, delivering both consultancy support and technology solutions.
Mergers & Acquisitions
Deloitte can provide advice on employment and personal tax matters on all relevant aspects of transactions including the tax due diligence phase to identify tax risks, potential costs or value add opportunities associated with share arrangements operated by the target business and, structuring management’s equity participation to align their interests with investors and obtaining improved tax efficiency and reducing tax risk.