WHAT WE DO

PARIS & PARKS

 provides a service that helps make paying people more efficient either by improving compliance and so reducing risk and liability, assisting with delivery of tax efficient remuneration or reviewing and improving efficiency of the function.

Yvette Lamidey, founder
of Paris & Parks, is a consultant to, and for, the Institute of Payroll Professionals.      [more]

LATEST NEWS

IN-YEAR ONLINE FILING
Don’t let the delay in go-live with mandatory online filing for P45s and P46s for employers with more than 50 employees lull you into a false sense of security. There is still much to be done with system and possibly process changes required even if you already file these forms online.

GLOBAL PAYROLL
Even if there were such a product would your organisation be up to the challenge of moving to a truly global payroll solution and all that goes with this in management of such a system? And yes there are one or two out there that can deliver a true global solution!

CASE STUDIES

EXPENSES SOLUTION
How Paris & Parks helped a major high street retail company to put in an expenses management solution for all its businesses.

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  EXPENSES MANAGEMENT & REDUCING RISK

Expenses are a contentious issue for many employees who simply don’t understand there are tax implications for certain expenses and where these have been incurred, in what is to them as a genuine business expense, they are often irked that they are also bound by the organisation’s expenses policy.

These policies often haven’t been reviewed for years and may not reflect the current type of expense items that are incurred or the current rates e.g. reflect the current rates that have to be paid for provincial or city hotels.

Employers rarely review their dispensations to ensure that these are current and haven’t considered the use of a PAYE Settlement Agreement (PSA)for items on which they have agreed to bear the tax and NICs which can save time and cost in the recording of information and the calculation of the payments due.

Expenses claims and petty cash are just two of the areas which are thoroughly scrutinised during a PAYE review since they are often areas where there are compliance infringements. Regulations defining the tax and NICs positions for expenses and benefits change and it is important that processes and procedures as well as policies reflect these changes and that staff are also kept up to date.

It should be remembered that business expenses are not solely restricted to expenses or petty cash claims, there are also items that are processed through the bought ledger such as hotel bills, staff functions. And, very often these are not properly processed in respect of the personal incidental expenses (PIEs) for items such as mini bars and newspapers. So during a PAYE review there may well be discovery of a liability since these items haven’t been correctly treated.

HM Revenue and Customs will be interested in claims for the current year and past tax year but are likely to extrapolate any findings over the previous 5 years and it is up to the employer to prove otherwise.

We can review the items that have been processed through the purchase ledger, highlighting risks, identifying potential liability, identifying savings and updating procedures to ensure that these items are correctly treated and reported.

We can also undertake a full review of expenses and P11Ds against the dispensations in place and recommend any appropriate revisions of the current dispensation. We'll also review whether a PAYE Settlement Agreement (PSA) would be appropriate and help you understand the cost.





Also See:
Expenses Processing - Reducing Costs, Strategy & Overview, Software, Outsourcing...