How Do I Calculate the Vehicle Benefit Amount to be Taxed?
Within Cintra iQ
, you can set up the company vehicle benefits to be payrolled for each PAYE
scheme in a given tax year. Before you can calculate the vehicle benefit, you need to create a vehicle record(s) and assign it to the employee.
- Navigate to the employee's Payslip & Period Summary form. Go to Cintra iQ: Employment record> Forms> Payslip
- Click the Calculate button. The vehicle/fuel/mileage allowance taxable benefit is automatically displayed on the Gross to Net Summary tab with the tax that is paid to HMRC.
- Click the OK button. The Payslip is closed.
Note: The payrolled benefit also appears in the Payrolled Benefits tab of the Payroll Period Input and Corrections window.
How Do I Assign Vehicles to Employees?
Before you begin to payroll company vehicles within Cintra iQ, you must create the company vehicle records and then assign them to employees. About the Vehicle Records Usage tab in Expenses and Benefits Within the Company Vehicle Usage tab you can ...
How Do I Display the Other Payrolled Benefit Taxable Amount on Payslips?
Within Cintra iQ, you can payroll any other benefits that are not vehicles or mileage, to be taxed during a payroll period instead of when the P11D is submitted to HMRC at the end of the year. Other benefits can be Health Insurers, Dentists, ...
How Do I Add Further Details to the Vehicle Usage Record?
Before you begin to payroll company vehicles within Cintra iQ, you must create the company vehicle records and then assign them to employees. Once you have assigned a vehicle to the employee, you can add any further details to the vehicle's record ...
How Do I Create Vehicle Records?
Before you begin to payroll company vehicles within Cintra iQ, you must set up the company vehicle records. When you create a new record, all of the data that is relevant when calculating the taxable benefit for the user of this vehicle appears on ...
How Do I Exclude Employees from Vehicle and Mileage Benefits?
You, as the employer, must not deduct more than 50% in tax from an employee’s pay. This is called the Overriding Limit and ensures that employees aren’t left with too little pay to cover their living costs. This limit is automatically imposed where ...