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Benefit - J. Qualifying relocation expense payments and benefits - Add

Use

Employers / Contractors sometimes provide employees with assistance when they have to move home to take up a new job or when there is a change in the location of their existing job. Such assistance might include:

• Paying the fees connected with their house sale and purchase
• Meeting the cost of travel to the new location for house hunting trips
• Paying for the cost of moving household furniture and effects.

There is an exemption that removes the tax and NICs liability on certain removal expenses and benefits up to a limit of £8000. This screen is used to enter the details of qualifying relocation expense payments and benefits provided to the particular employee you selected.

Path

Assign Benefits > Qualifying relocation expenses payments and benefits > Add New Relocation Expense

OR

Process P11D > Assign P11D Benefit > Assign Benefits > Qualifying relocation expenses payments and benefits > Add New Relocation Expense

Fields Available

The top row displays the details such as name, department, E-Mail address etc. of the selected employee. Fields marked with an asterisk (*) are mandatory.

Enter the following details in the Relocation Details area.

• Benefit From Date: Enter here the date from which the benefit was made available to the employee. You can use the calendar button to enter the date.
• Benefit To Date: Enter here the date up to which the benefit was made available to the employee. You can use the calendar button to enter the date.
• Memo: Enter here any additional information relating to the relocation expense.

Enter the following details further.

• (J 1) Employer's cost any qualifying benefits and expenses: Enter here the total cost incurred by the employer / contractor on the benefit.
• (J 2) Amount made good: Enter here the amount that the employee has paid towards the benefit.
• (J 3) Qualifying benefits amount :This field displays the amount of qualifying benefit.
• (J 4) Cost of qualifying living accommodation provided: Enter here the cost of living accommodation provided.
• (J 5) Total of expenses and benefits: This field displays the total amount of the expenses and the benefits.

Qualifying Relocation Tax Charge

• (J 6) Tax Exempt Amount Per re-location: This field displays the amount that is exempted from tax per re-location.
• (J) Total Cash Equivalent: The cash equivalent amount will be displayed here.

Associated Tasks

• Cancel: If you wish to exit this screen without saving the details, click on this button. You will be taken back to the Qualifying relocation expenses payments and benefits List screen.
• Save: To save the details, click on this button. The Qualifying relocation expenses payments and benefits - List screen will appear displaying the newly added details.

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