Form P11d – Reporting Employee Benefits

For those businesses who provide taxable benefits to their employees, including but not limited to company vehicles, health insurance, free/low rent accommodation and loans to staff and/or directors, are required to complete a form P11d for each financial year, so that the correct tax and national insurance contributions can be calculated and paid on those benefits. The deadline for submitting the P11d forms and issuing these to your employees and for submitting the P11d(b) form to HMRC is 6th July each year. Any resulting Class 1A national insurance must then be paid by 22nd July. If you require our assistance in preparing these forms, please contact us to arrange this.

There are fines for late submission of these forms and they increase monthly, so we advise business owners to ensure timely submission of the relevant information.