If you don`t have a PSA agreement yet, our team of labour tax specialists can help you set them up and work with HMRC to ensure the agreement contains everything you want to include now and in the future. The value of the benefits granted should be taxed within the PPE together with the marginal tax rates of each worker concerned. It is therefore important to also take into account the tax rates applicable to workers residing in each of the UK countries, as the deputy governments (currently scotland and Wales) are able to set the tax rates of income tax payable by taxpayers established in those countries. Simply add a new company to your P11D Enterprise software. Employers sometimes offer benefits to their employees and wish to pay tax on behalf of workers. A PAYE Transaction Agreement (PSA) is an annual voluntary agreement that allows them to do so. Any item covered by PPE is not to be reported on an employee`s P11D form.