Chris Smith
Chris leads BKL's personal tax compliance team, ensuring they provide depth of support to a broad range of clients.
With over 20 years’ experience in tax, Chris is familiar with the changing nature of the tax landscape and the importance of guiding people through its complexities.
As part of the personal tax team, Chris also works closely with BKL’s tax specialists – including consultancy, trusts and estates, tax investigations and business tax. This helps us to deliver expert tax advice suited to each client’s circumstances and goals.
Before joining BKL in 2018, Chris was a personal tax manager at MHA MacIntyre Hudson for eight years. He has also worked for NA Associates and Smith & Williamson.
Practice Area
Panel
- Contributing Author
1 Contributions by Chris Smith
PRECEDENTS
Client letter template: UK employment tax, NICs, VAT and corporation tax rules on staff entertainment and gifts to employees and directors (P11D, PSA, trivial benefits, vouchers, long-service awards)
[ Insert client’s address ]
1 Purpose of this letter
This letter sets out how income tax and National Insurance contributions (NICs) apply when staff entertainment (for example, parties) and gifts are provided, and the implications for both employees and the employer. For the purposes of this letter, references to employees also include directors and other office holders, eg the company secretary, of the employing company.
2 Staff entertainment—income tax and NICs treatment
Offering a party or staff event to employees will ordinarily create a taxable benefit for each individual, subject to income tax and Class 1A NICs. The benefit must be reported on the P11D, or covered by a PAYE Settlement Agreement (PSA) if one is in place with HMRC. A PSA is used where the employer agrees to settle any income tax and the associated Class 1A NICs arising on the provision of minor or irregular benefits on behalf of its employees, with the employer instead paying Class 1B NICs under the PSA. This position does not apply where an exemption is available. The key exemptions from tax are outlined below...
Tax
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