How Do I View a Calculated Taxable Benefit?
Within Cintra iQ, you can calculate payrolled car and fuel benefits, van and fuel benefit and mileage benefit during a payroll period instead of submitting a P11D at the end of the year. You can also choose to payroll other benefits such as private health care for employees.
To view a calcaulated taxable benefits
At any point, you can view the taxable benefit calculated by going to the P11D/P9D tab within the employee's Expense & Benefit window. Clicking on this tab will automatically refresh any benefit calculations for the tax year showing in the drop down box on this tab.
The P11D/P9D tab will list a summary taxable benefit value by P11D section or P9D if the employee requires a P9D. Any benefit calculations necessary will be automatically refreshed when you look at this screen. Company Vehicle and Fuel benefits will show under P11D Section F (or G for Vans).
To see a complete benefit calculation working sheet
- Navigate to the Include Records for... window.
Go to Cintra iQ: Expenses and Benefits>Reporting> Working Sheets> Company Cars or Company Vans.
- Select the desired Payroll(s).
- Click the Next button.
- Select the Employee(s).
- Click the Next button.The Selection Summary form appears.
- Click the Run button. The P11D Worksheet window appears.
- Contune to Save As and/or Print the worksheet.
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 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 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 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 ...