health insurance P35

rmflsdl

Hi All,

I really hope for the advice from anybody.

In terms of medical insurance paid by an employer as BIK, if the BIK figure shown on P35 filed is different from the figure avaiable from Laya statement, what should be done for correction? let's say, the BIK on P35 for 2014 is 100,000 euro and the total gross figure on laya statement for 2014 is 110,000. Some of the employees who left the company were under taxed by 10,000. Is there something that needs to be done for this adjustment?

The net amount stated on Laya 2014 statement were correctly paid by the employer and the TRS figure for 2014 stated on the statement was also correctly reflected in 2014 CT calculation.

The problem is the gross amount we put through payroll differs from what laya statement shows.

As the payroll was already run for 2014 and P35 was filed based on 2014 payroll, I can't think of any further adjustment. However, if anybody gives me an advice on this issue, I really appreciate it.

dbran

Hi

You need to identify which employee has underpaid the payroll taxes on the BIK and then amend the p35 to reflect the correct amount of payroll taxes due. You need to gross up the BIK so that agrees to the net amount of salary that was paid to him/her. The company will need to pay over any additional payroll taxes due as a result.

dbran