Company Car Reporting
Employers use payroll software to send a Full Payment Submission (FPS) to HMRC every payday.
The FPS details payments (and deductions) made to employees and, from the start of the 2017 tax year, it includes provision for company car information.
Guidance will be provided for employers in the coming weeks.
Coroni’s payroll team has been using HMRC developer guides to prepare for the change. BizFlakes users may use the FPS features from April 2017, ready for mandatory reporting in 2018.
For more information visit GOV.UK