PSA2020 - Dealing With PAYE Settlement Agreements: Initial applications for a PSA
A PSA can be entered into any time before the 6 July following the end of the tax year to which it first applies.
You should consider whether a PSA is a suitable way of dealing with certain benefits in kind or expenses where:
- an employer approaches you to apply for a PSA or
- you invite an employer to consider agreeing to one where an application has not been made but suitable items are being paid or provided
On receipt of an application by an employer, use the following step guide to check whether the proposed items are suitable for inclusion in a PSA.
Step 1
Are the items wages, salaries or bonuses?
If yes, the item cannot be included in a PSA.
If no, go to step 2.
Step 2
Are the items major regular expenses or benefits, such as car benefit?
If yes, the item cannot be included in a PSA.
If no, go to step 3.
Step 3
Can the items be considered to be any of the following?
- minor - see the interpretation of minor at PSA1060
- irregular – see the interpretation of irregular at PSA1070
- impracticable – see the interpretation of impracticable at PSA1080
If yes, the item can be included in a PSA.
If no, the item cannot be included in a PSA.
If PSA is appropriate
Do not include items that:
- have already been (or should have been) paid under deduction of tax
- are already included in an employees tax code for that year
Consider all PSA applications positively and if an application meets the statutory requirements an agreement can be set up.
If PSA is not appropriate
An employer is not have entitled to a PSA, and you may refuse to enter into an agreement if:
- the employer’s compliance record in operating and accounting for PAYE is poor, or
- you are not satisfied that the employer will fulfil the terms of the agreement
Proceeding with the application
Where you decide that the employer’s application can proceed you must follow the guidance in PSA2030.