PAYE Settlement Agreement Online Service
Posted on 18th May 2023 by Joanne Stoneman
If you provide benefits in kind to your employees but you don’t want them to foot the tax bill, you can settle the tax for them using a PAYE Settlement Agreement (PSA)...
Taxable perks using a PAYE Settlement Agreement
If you provide benefits in kind to your employees but you don’t want them to foot the tax bill, you can settle the tax for them using a PAYE Settlement Agreement (PSA), subject to conditions.
If you want to use a PSA for the first time you must first register it with HMRC and tell it what benefits you want to include. For 2022/23 you must register by 5 July 2023.
Until recently registration and management of a PSA had to be done manually, although HMRC provided online documents to help. The good news is that since 12 April 2023 it can all be done online. You can choose to register and manage it yourself or ask your accountant to do it for you.