A new version of the form PSA1 has been added to the information about PAYE Settlement Agreements (PSA). The form should be used to tell HMRC the value of items included in your PSA.
A PSA allows employers to make an annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for employees.
If you get a PSA for these items you won’t need to:
put them through the payroll to work out tax and National Insurance include them in the end-of-year P11D pay Class 1A National Insurance on them at the end of the tax year (you pay Class 1B National Insurance as part of your PSA instead).