wages with subsistance

cashy
cashy Registered Posts: 4 New contributor ?
can anyone please help how would you post wages with subsistence

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  • sdv
    sdv Registered Posts: 585
    Travel expenses and subsistence are either taxable or non-taxable. In both cases this will have to be declared on P9D or P11D, unless a dispensation has been claimed and received from HMRC.

    http://www.mooregreen.co.uk/pages/t&s_win07_moore_green.pdf

    Assuming that the travel expense subsistence claim is paid through wage payslip:

    Debit Travel expenses
    Credit Subsistence control account: (this a/c should be zero at the period end)

    Debit Gross wages expense a/c
    Credit Payroll Control account

    Debit Employer’s NI expense a/c
    Credit Payroll Control a/c

    Debit Subsistence control a/c
    Credit Payroll Control account

    Debit Payroll Control account
    Credit Paye/Nic Payable account

    Issue cheque to an employee (wages + subsistence)

    Debit Payroll control account (this a/c should be zero at the period end)
    Credit Bank a/c
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