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Form P11d – Reporting Employee Benefits

For those businesses who provide taxable benefits to their employees, including but not limited to company cars, health insurance or accommodation, a form P11d would need to be submitted each year, so that the correct tax and national insurance contributions can be calculated and paid on those benefits. Some companies also neglect to include staff loans they’ve made or overdrawn Director’s Loan Accounts. The deadline for submitting the P11d forms 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.