1. If vouchers are given to an employee, how's it recorded?

"If vouchers are given to an employee, how's it recorded?"

When the company gives employees a voucher, it needs to be recorded as a: "Benefit-in-kind"

To record a voucher given to an employee by a company:

1. First, tap: MenuExpense claim
2. Select the person who's been given the voucher.
3. Next, tap: Benefit-in-kind
4. If you've got an image, like a receipt, that you'd like to include, you can upload, or take a photo of it.
5. Then tap: Next
6. Type in the value of the voucher.
7. Set "Arranged by" to: "Employee"
8. Optionally, if there's a co-pay, or an amount that the person's agreed can be taken off their pay, enter that also in: Employee deducted co-pay
9. Then tap: Next
10. Optionally, type in a short description about the voucher, and tap: Next
11. And because it's a payroll admin who's entering it, the expense is automatically approved.
12. Now, to see how it shows up on the person's payslip, scroll down and tap: See on payslip
13. And when you hover your mouse over the "Benefit-in-kind" amount, you'll see the details.
14. There may have been a co-pay, or an amount that the person's agreed can be taken off their pay. If so, you'll also see that amount showing as "Employee deducted co-pay" with its own notes when you hover.
15. And finally, you'll know that the voucher's value is being correctly recorded and taxed.

Keep in mind that:

• The co-pay amount is automatically set to be deducted from the person's pay.
• The company doesn't have to separately collect the co-pay amount from the person.
• Also, there's no difference in the treatment of vouchers that're exchangeable for goods and services, compared to vouchers that're exchangeable for cash only.

To learn more:

• About non-cash vouchers, go to GOV.UK.

And that's it! That's everything you need to know about how to record a voucher given to an employee by a company!