P11d (Employee Benefits Reporting)

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Employers must submit P11d forms to HMRC at the end of each tax year to report the value of certain employee benefits. These may be company cars and private medical insurance, or other benefits that have been provided to employees and directors

If you are covered by a formal payrolling arrangement with HMRC or are dealt with under a PAYE Settlement Agreement (‘PSA’), then you do not need to report on employee benefits. If you are not sure, we can advise you).

Deadline for submitting P11d forms 

The deadline for submitting P11ds is 6 July following the tax year. You must give copy of each employee’s P11d, or the information it contains, to the employee by the same date.

There are penalties for submitting late or incorrect forms. The employer also has to pay Class 1A National Insurance Contributions on the value of all benefits provided by 19 July.

Certain benefits can be taxed through PAYE, or “payrolled”. You must register to do this before the start of the tax year. However, you still need to submit P11ds at the year-end to enable you to pay the Class 1A NICs.

Which employee benefits are taxable

Of course, you need to know which employee benefits provided are taxable, and how to calculate the taxable value.

Our team can do the sums for you and help you complete and file the P11ds and calculate the Class 1A NICs payable.

Tax implications of employee benefits

But before you get involved with benefits, talk to us about the tax implications of what you are planning to do.

For example, choosing the wrong company car package can have massive unanticipated tax consequences for the unwary and uninformed employer!

Let us help you create an attractive and tax-efficient employee benefits package.

Our P11d Employee Benefits Reporting Export

Kayleigh Carey is our accounts and tax manager and is ready to assist you in figuring out where you stand with employee benefits reporting. She can support you to complete and submit P11d forms and calculate Class 1A NICS. Get in touch with her today to get on top of your employee benefits.

Kayleigh Carey

Accounts and tax manager

01934 620011

Get in touch today

Useful information for P11d (Employee Benefits Reporting)

Charities and Not-for-ProfitLimited CompaniesSole Trader or Partnership

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet of flowers given occasionally

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Limited Companies

The deadline for submitting the 2019-20 forms P11D, P11D(b) and P9D is 6 July 2020. Employees must also be provided with a copy of their P11D by the same date.

Employers pay Class 1A National Insurance contributions on most benefits. If you provided

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