Expenses and benefits: Christmas bonuses
What to report and pay
You may have to report any Christmas bonuses to HM Revenue and Customs (HMRC), and deduct and pay tax and National Insurance on them.
Cash bonus
Any cash you give to employees as a Christmas bonus counts as earnings, so you바카라 사이트™ll need to:
- add the value to your employee바카라 사이트™s other earnings
- deduct and pay Pay As You Earn (PAYE) tax and Class 1 National Insurance through payroll
Goods
If you give goods as Christmas gifts, and they can바카라 사이트™t be counted as trivial benefits, you must:
- report on form P11D
- pay Class 1A National Insurance on the value of the benefit