PTP's Tax Tip No. 35 ' Entertaining tales part 1
Entertaining tales part 1
Q.My building contractor client is enduring an employer compliance review and has been asked for a copy of the information he has given to people he has entertained over the past year. Does he have to keep records of this? I've never heard of it!
A.Unfortunately yes! Reg 95 of the PAYE regulations is designed to attack backhanders that are received by third parties by reason of an employment but which by-pass the P11D reporting system.